M&A Deal Summary

Alba Wheels Up Acquires Steer

On January 11, 2024, Alba Wheels Up acquired transportation company Steer

Acquisition Highlights
  • This is Alba Wheels Up’s 2nd transaction in the Transportation sector.
  • This is Alba Wheels Up’s 3rd transaction in the United States.
  • This is Alba Wheels Up’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-01-11
Target Steer
Sector Transportation
Buyer(s) Alba Wheels Up
Deal Type Add-on Acquisition

Target

Steer

Philadelphia, Pennsylvania, United States
Steer provides customs brokerage and logistics services for clients worldwide across end markets such as food, beverage and chemicals and other highly regulated, multi-government agency-oriented verticals. Steer was founded in 1905 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Alba Wheels Up

Valley Stream, New York, United States
Category Company
Sector Transportation
DESCRIPTION

Alba Wheels Up is a provider of customs brokerage, freight forwarding, trade compliance, and other logistics services enabling its clients to efficiently move goods into and out of the United States. Alba Wheels Up is based in Valley Stream, New York.

DEAL STATS #
Overall 3 of 3
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-18 VT Mancusi

Lawrence, New York, United States

VT Mancusi is an esteemed provider of customs brokerage and trade compliance services primarily for flavors and fragrances and related end markets. It assists businesses in navigating the complexities of international trade. Their service repertoire includes customs brokerage, compliance consulting, and logistics management. VT Mancusi is based in Lawrence, New York.

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