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  6. Geodis SA Acquires Velocity Transport

M&A Deal Summary

Geodis SA Acquires Velocity Transport

On July 6, 2021, Geodis SA acquired transportation company Velocity Transport from McLane Company

Acquisition Highlights
  • This is Geodis SA’s 4th transaction in the Transportation sector.
  • This is Geodis SA’s 2nd transaction in the United States.
  • This is Geodis SA’s 1st transaction in Texas.

M&A Deal Summary
Date 2021-07-06
Target Velocity Transport
Sector Transportation
Buyer(s) Geodis SA
Sellers(s) McLane Company
Deal Type Divestiture

Target

Velocity Transport

Plano, Texas, United States
Velocity Transport is a provider of freight brokerage to shippers and carriers through superior service, efficient, common-sense business practices, and high-caliber, professional associates. Velocity Transport is based in Plano, Texas.

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Buyer(S) 1

Buyer

Geodis SA

Clichy, France
Category Company
Sector Transportation
DESCRIPTION

Geodis Sa is a provider of shipping and postal services.

DEAL STATS #
Overall 4 of 6
Sector: Transportation M&A 4 of 6
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 Pekaes

Blonie, Poland

Pekaes provides logistics services. Pekaes was founded in 1958 and is based in Blonie, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Need It Now Delivers

Flushing, New York, United States

Need It Now Delivers is a private same-day provider serving the United States. Need It Now provides national, same-day ground and air delivery services to a wide range of commercial, industrial, and retail customers. Services are divided between rush, warehousing, fast distribution, and pre-scheduled service. Need It Now Delivers was founded in 1987 and is based in Flushing, New York.

Buy -

Seller(S) 1

SELLER

McLane Company

Temple, Texas, United States
Category Company
Founded 1894
Sector Transportation
Employees20,000
DESCRIPTION

McLane Company, Inc., is a supply chain services, providing grocery and foodservice supply chain solutions for convenience stores, mass merchants, drug stores and chain restaurants throughout the United States.

DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 PDI Technologies

Alpharetta, Georgia, United States

PDI Technologies is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Technologies was founded in 1983 and is based in Alpharetta, Georgia.

Sell -
Mergr

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