M&A Deal Summary

Carrix Acquires Ceres

On September 12, 2023, Carrix acquired transportation company Ceres from Macquarie Capital

Acquisition Highlights
  • This is Carrix’s 1st transaction in the Transportation sector.
  • This is Carrix’s 1st transaction in the United States.
  • This is Carrix’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2023-09-12
Target Ceres
Sector Transportation
Buyer(s) Carrix
Sellers(s) Macquarie Capital
Deal Type Add-on Acquisition

Target

Ceres

Brentwood, Tennessee, United States
Ceres is a terminal owner and operator provide customers with reliable high-quality cargo handling services through terminal operations 24/7. Ceres was founded in 1958 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Carrix

Seattle, Washington, United States

Category Company
Founded 1949
Sector Transportation
DESCRIPTION

Carrix is a provider of multi-modal transportation and logistics solutions. Carrix offers marine and rail terminals, cruise services, warehousing and cold storage, trucking, project development, terminal operating systems and vessel planning solutions. Carrix was founded in 1949 and is based in Seattle, Washington.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.


DEAL STATS #
Overall 8 of 11
Sector: Transportation M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 5
State: Tennessee M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 EP Carbon

Berkeley, California, United States

EP Carbon is a technical consulting and development services for forest carbon offset projects throughout the United States and around the world. EP Carbon is based in Berkeley, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 Camin Cargo

Pasadena, Texas, United States

Camin Cargo is a third-party service provider of mission-critical inspection, testing, and fuel treatment services to the petroleum products industry. Camin Cargo’s 59 branches, located in 15 countries, are strategically located to serve multiple key ports, refineries, and other petroleum product transfer points throughout the United States, Canada, Latin America, and Western Europe. Camin Cargo was founded in 1982 and is based in Pasadena, Texas.

Buy -