M&A Deal Summary

APL Logistics Acquires GATX Logistics

On January 9, 2001, APL Logistics acquired transportation company GATX Logistics from Oak Hill Capital, Stephens Capital Partners and GATX for 210M USD

Acquisition Highlights
  • This is APL Logistics’ 1st transaction in the Transportation sector.
  • This is APL Logistics’ largest (disclosed) transaction.
  • This is APL Logistics’ 1st transaction in the United States.

M&A Deal Summary

Date 2001-01-09
Target GATX Logistics
Sector Transportation
Buyer(s) APL Logistics
Sellers(s) Oak Hill Capital
Stephens Capital Partners
GATX
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

GATX Logistics

United States
GATX Logistics, Inc. is a provider of third-party logistics services for its customers, including contract warehousing, value-added assembly, freight management, and contract transportation services.

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Buyer(S) 1

Buyer

APL Logistics

Singapore, Singapore

Category Company
Sector Transportation
DESCRIPTION

APL Logistics Ltd. designs and operates globally integrated supply chains.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 3

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 3 of 55
Sector (Transportation) 1 of 4
Type (Add-on Acquisition) 2 of 23
Country (United States) 3 of 46
Year (2001) 1 of 2
Size (of disclosed) 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-01 TravelCenters of America

Westlake, Ohio, United States

TravelCenters of America is a full-service travel center network operating TA, Petro Stopping Centers, and TA Express brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists. It operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet and Country Pride. TravelCenters of America was founded in 1972 and is based in Westlake, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-26 Align

Tempe, Arizona, United States

Align is a medical device company with industry innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Align was founded in 1997 and is based in Tempe, Arizona.

Sell -
SELLER

Stephens Capital Partners

Little Rock, Arkansas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stephens Capital Partners is the direct, private equity investment arm of financial services firm Stephens, Inc. Stephens Capital looks to acquire minority or majority stakes in mid-sized, profitable companies in partnership with management. The Firm will consider opportunities throughout the US valued between $50 and $200 million. Stephens Capital will not consider venture investments or turnaround situations. Stephens Capital Partners is based in Little Rock, Arkansas.


DEAL STATS #
Overall 1 of 40
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 1 of 19
Country (United States) 1 of 39
Year (2001) 1 of 1
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Hotchkis & Wiley

Los Angeles, California, United States

Hotchkis & Wiley is an investment manager serving institutional and individual investors around the world. The firm manages equity portfolios and mutual funds investing in the public equity markets of the United States. Hotchkis and Wiley focuses on value stocks of all-cap companies, employing fundamental analysis along with a bottom-up stock picking approach to create its equity portfolio mix. Hotchkis & Wile was founded in 1980 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 STgenetics

Navasota, Texas, United States

STgenetics is a provider of genetic improvement services for the livestock industry. STgenetics was established in 2004 and is based in Navasota, Texas.

Buy -
SELLER

GATX

Chicago, Illinois, United States

Category Company
Founded 1898
Sector Transportation
Employees2,020
Revenue 1.4B USD (2023)
DESCRIPTION

GATX is a finance and leasing company that leases, operates, manages, and remarkets assets in the rail and marine markets. GATX was founded in 1898 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 4
Sector (Transportation) 2 of 3
Type (Add-on Acquisition) 1 of 1
Country (United States) 2 of 3
Year (2001) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-20 GATX Logistics

United States

GATX Logistics, Inc. is a provider of third-party logistics services for its customers, including contract warehousing, value-added assembly, freight management, and contract transportation services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-01 Tank Storage Interests - GATX

Singapore

Tank Storage Interests - GATX include include facilities in Singapore, Malaysia, China, and Japan.

Sell -