M&A Deal Summary

Apollo Global Management Acquires Tidewater Logistics

On February 15, 2018, asset manager Apollo Global Management acquired transportation company Tidewater Logistics

Acquisition Highlights
  • This is Apollo Global Management’s 1st transaction in the Transportation sector.
  • This is Apollo Global Management’s 58th transaction in the United States.
  • This is Apollo Global Management’s 9th transaction in Texas.

M&A Deal Summary
Date 2018-02-15
Target Tidewater Logistics
Sector Transportation
Buyer(s) Apollo Global Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Tidewater Logistics

Fort Worth, Texas, United States
Tidewater Logistics is a logistics services company focused on providing specialized logistics and operational services to the frac sand market. Tidewater Logistics’ dedicated team delivers superior service as an integral part of its customers' supply chains. Tidewater Logistics is committed to its Five Core Values of: Safety, Environment, Quality, Customer Service, and Reliability. The Company’s services include Direct and Bulk Storage Transloading, Terminal Operations, Last Mile Logistics and Full Supply Chain Management. As part of its Full Supply Chain Management solution, the Company is responsible for delivery and alignment of all “mine-to-well” activities and providing its customers with visibility and control in a single solution. Tidewater Logistics is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 77 of 140
Sector (Transportation) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 11 of 18
State (Texas) 9 of 17
Country (United States) 58 of 101
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 EaglePicher Technologies

Joplin, Missouri, United States

EaglePicher Technologies is a provider of batteries and energetic devices for the defense, space and commercial industries, and provides the most experience and broadest capability in battery electrochemistry of any battery supplier. EaglePicher Technologies offers a wide range of battery technology including thermal, nickel hydrogen, lithium carbonmono-fluoride, lithium thionyl chloride, lithium manganese dioxide, lithium sulfur dioxide, lithium ion, reserve lithium oxyhalide, custom battery assemblies and silver zinc batteries. EaglePicher Technologies was founded in 1942 and is based in Joplin, Missouri.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Claire s

Pembroke Pines, Florida, United States

Claire's Stores, Inc. is an international specialty retailer offering value-priced costume jewelry and accessories to fashion-aware tweens, teens and young adult females through its two store concepts: Claire's and Icing by Claire's. While the latter operates only in North America, Claire's operates internationally. The Company also licenses approximately 120 stores in the Middle East and Turkey under a licensing and merchandising agreement with Al Shaya Co., Ltd. and eight stores in South Africa under similar agreements with The House of Busby Limited.

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Mergr

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