Add-on Acquisition • Transportation

AIT Worldwide Logistics Acquires Select Express

On November 17, 2021, AIT Worldwide Logistics acquired transportation company Select Express from LongueVue Capital

Acquisition Context
  • This is AIT Worldwide Logistics’ 7th transaction in the Transportation sector.
  • This is AIT Worldwide Logistics’ 4th transaction in the United States.
  • This is AIT Worldwide Logistics’ 1st transaction in New York.

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M&A Deal Summary

Date November 17, 2021
Target Select Express
Sector Transportation
Buyer(s) AIT Worldwide Logistics
Sellers(s) LongueVue Capital
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Norton Rose Fulbright (Legal)

Target Company

Select Express

New York, New York, United States
Select Express specializes in white glove delivery and assembly of heavy goods, leveraging a technology-enabled network of technicians to manage complex, in-home assembly requirements. Select Express was founded in 2001 and is based in New York City.
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Buyer Overview 1

Buyer

AIT Worldwide Logistics

Itasca, Illinois, United States

Category Company
Founded 1979
Sector Transportation
DESCRIPTION

AIT Worldwide Logistics is a global freight forwarder that helps its customers grow by expanding access to markets all over the world where they can sell and/or procure raw materials, components, and finished goods. AIT Worldwide Logistics was founded in 1979 and is based in Itasca, Illinois.


Deal Context for Buyer #
Overall 7 of 10
Sector: Transportation 7 of 10
Type: Add-on Acquisition 5 of 8
State: New York 1 of 1
Country: United States 4 of 5
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Intelligent Logistics

Austin, Texas, United States

Intelligent Logistics is a firm with expertise in freight forwarding, cartage, warehousing, and truckload brokerage. Intelligent Logistics also manages the Spur Freight brand and serves a broad range of specialized sectors, including technology, food, and beverage, automotive, manufacturing, and e-Commerce reverse logistics, handling nearly 40,000 shipments annually. Intelligent Logistics was founded in 2002 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-17 Lubbers Logistics Group

Schoonebeek, Netherlands

Lubbers Logistics Group is a specialist in transport and logistics for the upstream oil & gas sector and special transport for the heavy industry and energy sector. Lubbers Logistics Group B.V. was founded in 1929 and is based in Schoonebeek, Netherlands.

Buy -

Seller Profile 1

SELLER

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.


Deal Context for Seller #
Overall 9 of 12
Sector: Transportation 3 of 3
Type: Add-on Acquisition 2 of 3
State: New York 2 of 3
Country: United States 9 of 12
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Associated MetalCast

Oxford, Alabama, United States

Associated MetalCast is one precision manufacturer of tight tolerance, complex metal components for a variety of end markets, including water infrastructure, vertical transportation, agriculture, and automotive services. The Company offers a differentiated, full-service suite of capabilities across the componentry life cycle, including product development, sourcing, casting, machining, heat-treating, coating, finishing, assembly, inventory management, and distribution. Associated MetalCast was founded in 1998 and is based in Oxford, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-09 Fertility Specialists

Dallas, Texas, United States

Fertility Specialists is a provider of management services to fertility clinics. Fertility Specialists is based in Dallas, Texas.

Buy -