M&A Deal Summary

Bolt Express Acquires Premium Transportation Logistics

On January 28, 2020, Bolt Express acquired transportation company Premium Transportation Logistics from Magnate Worldwide

Acquisition Highlights
  • This is Bolt Express’ 2nd transaction in the Transportation sector.
  • This is Bolt Express’ 2nd transaction in the United States.
  • This is Bolt Express’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2020-01-28
Target Premium Transportation Logistics
Sector Transportation
Buyer(s) Bolt Express
Sellers(s) Magnate Worldwide
Deal Type Divestiture

Target

Premium Transportation Logistics

Toledo, Ohio, United States
Premium Transportation Logistics is a provider of expedited domestic ground and freight brokerage services for customers with time-critical logistics needs. PTL offers door-to-door solutions to customers in the auto, white goods, building products, and industrial machinery industries, among others. Premium Transportation Logistics was established in 2002 and is based in Toledo, Ohio.

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Buyer(S) 1

Buyer

Bolt Express

Toledo, Ohio, United States
Category Company
Founded 2001
Sector Transportation
DESCRIPTION

Bolt Express LLC is a provider of door-to-door ground and air transportation services in the United States, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Divestiture) 1 of 1
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-05 Strike Logistics

Toledo, Ohio, United States

Strike Logistics LLC is a provider of freight brokerage services in North America.

Buy -

Seller(S) 1

SELLER

Magnate Worldwide

Portland, Oregon, United States
Category Company
Founded 2014
Sector Transportation
DESCRIPTION

Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. Magnate Worldwide was founded in 2014 and is based in Portland, Oregon.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Domek Logistics

Crystal Lake, Illinois, United States

Domek Logistics LLC provides asset-light freight forwarding and customs house brokerage services primarily to customers located in the Midwest. With a focus on complex logistics solutions and high-touch service, Domek provides a range of services for all international transportation needs, including air, ocean, full-container/less-than-container loads, multi-vendor consolidations, rail, and truck.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Hybrid International Forwarding

Atlanta, Georgia, United States

Hybrid International Forwarding provides a variety of freight transportation and forwarding services including air, ocean, and ground solutions, and has a pronounced strength in ocean imports to the U.S. Hybrid International Forwarding is based in Altanta, Georgia.

Buy -
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