M&A Deal Summary

General Logistics Systems B.V. Acquires Golden State Overnight Delivery Service

On October 4, 2016, General Logistics Systems B.V. acquired transportation company Golden State Overnight Delivery Service from Halifax Group for 90M USD

Acquisition Highlights
  • This is General Logistics Systems B.V.’s 2nd transaction in the Transportation sector.
  • This is General Logistics Systems B.V.’s 4th largest (disclosed) transaction.
  • This is General Logistics Systems B.V.’s 1st transaction in the United States.
  • This is General Logistics Systems B.V.’s 1st transaction in California.

M&A Deal Summary
Date 2016-10-04
Target Golden State Overnight Delivery Service
Sector Transportation
Buyer(s) General Logistics Systems B.V.
Sellers(s) Halifax Group
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Golden State Overnight Delivery Service

Pleasanton, California, United States
Golden State Overnight Delivery Service, Inc. is a provider of regional next day delivery services. GSO customers enjoy a high level of customer service, including later pickup times, earlier deliveries, dedicated service representatives, and package tracking, all at market leading prices.

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Buyer(S) 1

Buyer

General Logistics Systems B.V.

Oude Meer, Netherlands
Category Company
Founded 1999
Sector Transportation
Employees14,000
DESCRIPTION

General Logistics Systems B.V. is a provider of reliable, high-quality deferred parcel services for over 220,000 customers. General Logistics Systems B.V. was established in 1999 and is headquartered in Oude Meer, Netherlands.

DEAL STATS #
Overall 2 of 6
Sector (Transportation) 2 of 6
Type (Add-on Acquisition) 2 of 6
State (California) 1 of 1
Country (United States) 1 of 2
Year (2016) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 ASM Transporte Urgente Andalucia SA

Málaga, Spain

ASM Transporte Urgente Andalucia SA is an express parcels delivery company. ASM was established in 1987 and is headquartered in Málaga, Spain.

Buy €71M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 Postal Express

Bellevue, Washington, United States

ostal Express is a regional overnight carrier operating in the states of Washington, Oregon, and Idaho. Postal Express offers overnight parcel delivery, mainly to business-to-business customers, across a number of industries.

Buy $13M

Seller(S) 1

SELLER

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.

DEAL STATS #
Overall 15 of 24
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (California) 1 of 1
Country (United States) 12 of 20
Year (2016) 3 of 3
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Envision Pharma

Horsham, United Kingdom

Envision Pharma is a global technology and scientific communication company serving the pharmaceutical, biotechnology, and medical device companies. Envision has grown steadily under consistent leadership across its three core business areas that include scientific solutions – strategic publication planning and related data dissemination services, technology Solutions – design, development, implementation, and support of innovative and strategic management software for life sciences clients including publication planning and management (DatavisionTM), clearance approval (dvClear), and activity request management (Visiontracker) and professional consulting solutions policy, process, compliance and guideline consultancy to life-science companies. Envision Pharma was founded in 2001 and is based in Horsham, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-09 PromptCare

New Providence, New Jersey, United States

PromptCare is a regional provider of specialty respiratory and infusion services. The Company combines high-tech equipment and infusion drug therapies with a tailored, -high-touch service approach to deliver superior patient care, and is a preferred partner of hospitals, physicians, and payors in managing complex medical conditions such as ALS, chronic lung conditions, and a number of nutritional and autoimmune deficiencies. PromptCare was founded in 1985 and headquartered in New Providence, New Jersey.

Buy -
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