M&A Deal Summary

Equity Group Investments Acquires East Coast Warehouse & Distribution

On January 27, 2022, private equity firm Equity Group Investments acquired transportation company East Coast Warehouse & Distribution from Seacoast Capital

Acquisition Highlights
  • This is Equity Group Investments’ 6th transaction in the Transportation sector.
  • This is Equity Group Investments’ 13th transaction in the United States.
  • This is Equity Group Investments’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2022-01-27
Target East Coast Warehouse & Distribution
Sector Transportation
Buyer(s) Equity Group Investments
Sellers(s) Seacoast Capital
Deal Type Secondary Buyout

Target

East Coast Warehouse & Distribution

Elizabeth, New Jersey, United States
East Coast Warehouse & Distribution is a provider of integrated temperature-controlled logistics services in the port of New York, New Jersey Marine Terminal and Jersey City. East Coast Warehouse & Distribution was established in 1957 and is based in Elizabeth, New Jersey.

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Buyer(S) 1

Buyer

Equity Group Investments

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
Size Large
Type Sector Agnostic
DESCRIPTION

Equity Group Investments is a private investment group formed by Sam Zell. The Firm looks for opportunistic investments in a variety of sectors including energy, healthcare, logistics, manufacturing, transportation, media, and real estate. Equity Group Investments was established in 1969 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 14 of 17
Sector (Transportation) 6 of 6
Type (Secondary Buyout) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 13 of 15
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Exterran

Houston, Texas, United States

Exterran is a provider of natural gas contract compression services to customers throughout the United States. Exterran was founded in 1954 and is based in Houston, Texas.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Pinsly Railroad

Jacksonville, Florida, United States

Pinsly Railroad is an independent freight railroad and rail services management company offering freight services, transloading, railcar storage, and industrial development opportunities. Pinsly Railroad was founded in 2012 and is based in Jacksonville, Florida.

Sell -

Seller(S) 1

SELLER

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 21 of 22
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 8 of 9
State (New Jersey) 2 of 2
Country (United States) 21 of 22
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 LSO

Plano, Texas, United States

LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 Focus Technology Solutions

Boston, Massachusetts, United States

Focus Technology Solutions is a provider of complete business technology solutions, professional services, and managed IT services. Focus Technology Solutions was founded in 1997 and is based in Boston, Massachusetts.

Buy -