M&A Deal Summary

American Securities Acquires OnTrac Final Mile

On May 1, 2021, private equity firm American Securities acquired transportation company OnTrac Final Mile from Greenbriar Equity Group

Acquisition Highlights
  • This is American Securities’ 2nd transaction in the Transportation sector.
  • This is American Securities’ 68th transaction in the United States.
  • This is American Securities’ 5th transaction in Virginia.

M&A Deal Summary
Date 2021-05-01
Target OnTrac Final Mile
Sector Transportation
Buyer(s) American Securities
Sellers(s) Greenbriar Equity Group
Deal Type Secondary Buyout

Target

OnTrac Final Mile

Vienna, Virginia, United States
OnTrac is the parcel carrier of choice for last-mile e-commerce deliveries that helps retailers and shippers build a competitive advantage through faster delivery times, lower costs, coast-to-coast coverage, and reliable on-time performance. OnTrac was founded in 1986 and is based in Vienna, Virginia.

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Buyer(S) 1

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.

DEAL STATS #
Overall 69 of 80
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 30 of 37
State (Virginia) 5 of 5
Country (United States) 68 of 79
Year (2021) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 SimonMed

Scottsdale, Arizona, United States

SimonMed is an outpatient medical imaging provider and physician radiology practice in the United States. The company's practice consists of over 200 experienced subspecialty-trained radiologists and operates across 9 states with over 150 accredited facilities that are ACR-RADSITE certified with certified technologists and equipment. It specializes in using the newest diagnostic imaging technologies and bringing them to the community in an affordable and accessible way. SimonMed was formed in 2003 and is based in Scottsdale, Arizona.

Buy $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 CS Energy

Edison, New Jersey, United States

CS Energy engages in the solar and energy storage sectors, having constructed over 1 GW of solar projects and 300 MWh of energy storage projects throughout the United States and in select international markets. CS Energy was founded in 1906 and is based in Edison, New Jersey.

Buy -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.

DEAL STATS #
Overall 20 of 26
Sector (Transportation) 9 of 10
Type (Secondary Buyout) 9 of 11
State (Virginia) 1 of 1
Country (United States) 17 of 22
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 PCX Aerostructures

Newington, Connecticut, United States

PCX Aerostructures is a manufacturer of flight-critical and other essential components for rotorcraft and fixed-wing aerospace platforms serving military and commercial markets. PCX Aerostructures is based in Newington, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Alliance Ground International

Miami, Florida, United States

Alliance Ground International is a North American provider of specialized air cargo and ramp handling services to the aviation industry. The company provides on-airport handling, warehousing, cold storage, pallet buildup/breakdown, mail sorting, and aircraft loading and unloading services to over 80 air carrier customers from its strategic operating footprint of 33 facilities at 21 airports across the United States. Alliance Ground International is headquartered in Miami, Florida.

Buy -
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