M&A Deal Summary |
|
|---|---|
| Date | 2023-08-10 |
| Target | Omni Logistics |
| Sector | Transportation |
| Buyer(s) | Forward Air |
| Sellers(s) |
Ridgemont Equity Partners
Everberg Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 150M USD |
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| Category | Company |
|---|---|
| Founded | 1981 |
| Sector | Transportation |
| Employees | 4,014 |
| Revenue | 1.4B USD (2023) |
Forward Air is a provider of time-definite surface transportation and related logistics services. Forward Air operates three business segments, Forward Air, Inc., Forward Air Solutions, Inc. and Total Quality, Inc. Forward Air was incorporated in 1981 and is based in Greeneville, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 16 |
| Sector (Transportation) | 16 of 16 |
| Type (Add-on Acquisition) | 16 of 16 |
| State (Texas) | 1 of 1 |
| Country (United States) | 16 of 16 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 1 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-04 |
Land Air Express
Wichita, Kansas, United States Land Air Express is a privately held full-service expedited LTL provider that offers a variety of services, including guaranteed, standard, exclusive, same-day, hot shot, and pickup and delivery. Land Air Express is based in Wichita, Kansas. |
Buy | $57M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-20 |
Forward Air - Final Mile Business
United States Forward Air's Final Mile Business provides residential final mile delivery and installation of big & bulky goods, with a focus on appliances. Through a network of independent service providers and 46 company-operated facilities, FAFM has delivery coverage throughout the continental US. |
Sell | $262M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 91 of 91 |
| Sector (Transportation) | 4 of 4 |
| Type (Add-on Acquisition) | 36 of 36 |
| State (Texas) | 20 of 20 |
| Country (United States) | 80 of 80 |
| Year (2023) | 3 of 3 |
| Size (of disclosed) | 21 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-16 |
Unite Private Networks
Kansas City, Missouri, United States Unite Private Networks provides high-bandwidth, fiber-based communications networks and related services to schools, governments, carriers, data centers, hospitals, and enterprise business customers throughout the United States. Service offerings include dark and lit fiber, private line, metro-optical Ethernet, Internet access, data center services, and other customized solutions. Unite Private Networks was founded in 1998 and is based in Kansas City, Missouri. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-06 |
SmartShift
Mannheim, Germany SmartShift is a tech-enabled services provider for SAP custom application migrations, upgrades and transformations. SmartShift is based in Mannheim, Germany. |
Buy | - |
Everberg Capital is a private investment firm that looks to partner with family-owned businesses, entrepreneurs, and financial sponsors with capital for acquisition financing, leveraged buyouts, growth opportunities, and recapitalizations. Broad areas of interest include industrials, business services, consumer products/services, and healthcare. Everberg can invest across the capital structure and seeks to commit $10 to $100 million per transaction. Everberg Capital was formed in 2019 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-08 |
Veyo
San Diego, California, United States Veyo is a non-emergency medical transportation company. Veyo sought to reinvent the patient transportation model by integrating consumer technology with healthcare-credentialed rideshare fleets to decrease costs and increase efficiency. Veyo was founded in 2016 and is based in San Diego, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-12 |
9 Story Media Group
Toronto, Ontario, Canada 9 Story Media Group is a creator, producer, and distributor of animated and live-action content for young audiences around the world. 9 Story Media Group was founded in 2002 and is based in Toronto, Ontario. |
Sell | $186M |
