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  6. AxleHire Acquires Covet Shipping

M&A Deal Summary

AxleHire Acquires Covet Shipping

On October 7, 2019, AxleHire acquired transportation company Covet Shipping

Acquisition Highlights
  • This is AxleHire’s 1st transaction in the Transportation sector.
  • This is AxleHire’s 1st transaction in the United States.
  • This is AxleHire’s 1st transaction in New York.

M&A Deal Summary
Date 2019-10-07
Target Covet Shipping
Sector Transportation
Buyer(s) AxleHire
Deal Type Add-on Acquisition

Target

Covet Shipping

Brooklyn, New York, United States
Covet Shipping is a full-service shipping company that utilizes technology to make the customer delivery experience fast, convenient, and transparent. Covet Shipping offers same day and next day delivery services that are tailor-made for leading brands in New York.

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Buyer(S) 1

Buyer

AxleHire

Berkeley, California, United States
Category Company
Sector Transportation
DESCRIPTION

AxleHire provides driver supply and logistics for the last mile economy, engaging drivers and affording customers instant logistics scalability.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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