M&A Deal Summary

ARC Industries Acquires Larry s Cartage

On November 23, 2022, family office ARC Industries acquired transportation company Larry s Cartage

Acquisition Highlights
  • This is ARC Industries’ 4th transaction in the Transportation sector.
  • This is ARC Industries’ 16th transaction in the United States.
  • This is ARC Industries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-11-23
Target Larry s Cartage
Sector Transportation
Buyer(s) ARC Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

Larry s Cartage

Hazel Crest, Illinois, United States
Larry's Cartage is a service oriented, customer friendly drayage company servicing the intermodal community within the Midwest. Larry's Cartage is based in Hazel Crest, Illinois.

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Buyer(S) 1

Buyer

ARC Industries

Category Family Office
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

ARC Industries, Inc. is a family office focused on acquiring established companies in traditional industries from retiring owners. The Firm targets profitable, smaller companies with $1 to $10 million of EBITDA. Specific areas of interest include environmental services, plastics, and sign manufacturing. ARC Industries, Inc. was established in 1999 and is headquartered in Charlotte, North Carolina.

DEAL STATS #
Overall 16 of 17
Sector (Transportation) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 15 of 16
State (Illinois) 1 of 2
Country (United States) 16 of 17
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 TransONE

West Memphis, Arkansas, United States

TransONE provider of premier intermodal transportation services in the Mid-South region. Serving Class 1 Railroads, International Container Lines, Third Party Logistics Companies, and Distribution Center Operators, TransOne offers its customers a single source for consolidated intermodal solutions. TransONE is based in West Memphis, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-24 Denton Cartage

Lyons, Illinois, United States

Denton Cartage is a full service intermodal trucking and shipping company, serving the 48 lower States and Canada. Denton Cartage is based in Lyons, Illinois.

Buy -
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