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  5. Community Logistics Acquires Crossroads Distribution

M&A Deal Summary

Community Logistics Acquires Crossroads Distribution

On February 1, 2004, Community Logistics acquired transportation company Crossroads Distribution from Ethos Private Equity

Acquisition Highlights
  • This is Community Logistics’ 1st transaction in the Transportation sector.
  • This is Community Logistics’ 1st transaction in South Africa.

M&A Deal Summary
Date 2004-02-01
Target Crossroads Distribution
Sector Transportation
Buyer(s) Community Logistics
Sellers(s) Ethos Private Equity
Deal Type Add-on Acquisition

Target

Crossroads Distribution

Bellville, South Africa
Crossroads Distribution (Pty) Ltd., doing business as Crosscape Express, provides logistics solutions and supply chain management services globally. The company offers logistics solutions, such as customized service distribution fleets, bulk liquid and powders distribution, on-mine handling and bulk transport, warehousing and freight consolidation, freight management, warehousing, and fulfillments services; and national and international courier, national express road freight, and national pharmaceutical distribution services. It serves customers in agricultural/dairy, consumer, educational, food and beverage, fuel/oil/petrochemical, government, industrial, insurance, mining, pharmaceutical/healthcare, posts/telecommunications, political, and tourism and travel sectors.

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Buyer(S) 1

Buyer

Community Logistics

Category Company
Sector Transportation
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

Ethos Private Equity

Illovo, South Africa
Category Private Equity Firm
Founded 1984
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Ethos Private Equity is a private equity investor that targets opportunities in South Africa. Ethos looks for stable businesses valued between $15 and $100 million US. Target transactions include divestitures of non-core assets, sector consolidations, development of family owned businesses, growth financings, and turnarounds. Ethos was formed in 1984 and is based in Johannesburg, South Africa.

DEAL STATS #
Overall 6 of 25
Sector: Transportation M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 13
Country: South Africa M&A 6 of 22
Year: 2004 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Universal Print Group

KwaZulu-Natal, South Africa

Type of business: Media : printing

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Foodcorp Pty

Bryanston, South Africa

Foodcorp (Pty) Ltd is the holding company for a group of businesses engaged primarily in the production, marketing and distribution of food.

Sell -
Mergr

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