M&A Deal Summary

Fourshore Partners Acquires Buske Logistics

On March 14, 2022, private equity firm Fourshore Partners acquired transportation company Buske Logistics from Gordon Trucking

Acquisition Highlights
  • This is Fourshore Partners’ 1st transaction in the Transportation sector.
  • This is Fourshore Partners’ 3rd transaction in the United States.
  • This is Fourshore Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-03-14
Target Buske Logistics
Sector Transportation
Buyer(s) Fourshore Partners
Sellers(s) Gordon Trucking
Deal Type Divestiture
Advisor(s) Stephens Investment Banking (Financial)
Holland & Knight (Legal)

Target

Buske Logistics

Edwardsville, Illinois, United States
Buske Logistics operates as a trucking company that provides third-party logistics, centralized information management, alternative transportation, warehousing, sequencing, packaging, load consolidation, merchandise rollout, freight analysis, and supply chain management services. Buske Logistics was founded in 1923 and is based in Edwardsville, Illinois.

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Buyer(S) 1

Buyer

Fourshore Partners

Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Fourshore Partners is the private equity group of Fourshore Capital. Fourshore targets companies generating between $2m and $15m of EBITDA with enterprise values between $10m and $75m. Sectors of interest include agribusiness, transportation, marine services, business services, niche manufacturing, distribution, and consumer. Fourshore Partner will consider businesses across the US but prefers opportunities in Florida and the Carribbean. Fourshore was founded in 2017 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 3 of 5
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 3 of 5
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Genesis Capital Finance

Coral Gables, Florida, United States

Genesis Capital Finance is a specialty finance company that provides commercial loans to independent owner-operators in the long-haul trucking industry. Genesis Capital Finance was founded in 2011 and is based in Coral Gables, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Celtic Capital

Santa Monica, California, United States

Celtic Capital provides Asset Based Financing (ABF) to non-retail businesses in the Western United States that find it challenging to get traditional bank loans. Celtic´s credits range from $500,000 to $5 million and are used for various business needs such as working capital, sales growth, debt restructuring, DIP financing, turnarounds, among others and within various industries. Celtic Capital was founded in 1982 and is based in Santa Monica, California.

Buy -

Seller(S) 1

SELLER

Gordon Trucking

Pacific, Washington, United States
Category Company
Founded 1946
Sector Transportation
DESCRIPTION

Gordon Trucking, Inc. provides truckload transportation services in the United States and Canada.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-16 Buske Logistics

Edwardsville, Illinois, United States

Buske Logistics operates as a trucking company that provides third-party logistics, centralized information management, alternative transportation, warehousing, sequencing, packaging, load consolidation, merchandise rollout, freight analysis, and supply chain management services. Buske Logistics was founded in 1923 and is based in Edwardsville, Illinois.

Buy -
Mergr

Product

Company

Legal