M&A Deal Summary

Global Critical Logistics Acquires SOS

On February 2, 2024, Global Critical Logistics acquired transportation company SOS from NEP Group

Acquisition Highlights
  • This is Global Critical Logistics’ 3rd transaction in the Transportation sector.
  • This is Global Critical Logistics’ 1st transaction in the United States.
  • This is Global Critical Logistics’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-02-02
Target SOS
Sector Transportation
Buyer(s) Global Critical Logistics
Sellers(s) NEP Group
Deal Type Divestiture

Target

SOS

New Bern, North Carolina, United States
SOS specializes in freight forwarding and logistics services for live events, particularly in the sports and broadcast industries. The company serves all major U.S. sports and news broadcasters, the largest professional sports leagues in the United States, and many of the largest suppliers working for these companies. SOS is headquartered in New Bern, North Carolina with additional offices in the United States, Canada, Germany, United Kingdom, and United Arab Emirates .

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Buyer(S) 1

Buyer

Global Critical Logistics

Lititz, Pennsylvania, United States
Category Company
Founded 1978
Sector Transportation
DESCRIPTION

Global Critical Logistics is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. Through its offices in the US, UK, Australia, Belgium, Brazil, Chile, China, Colombia, Germany, Japan, Mexico, Netherlands, and Peru, augmented by a network of foreign agents specializing in live events, GCL serves thousands of customers per year with specialized freight solutions on all seven continents. Global Critical Logistics was founded in 1978 and is based in Lititz, Pennsylvania.

DEAL STATS #
Overall 3 of 4
Sector (Transportation) 3 of 4
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 ADF

Spain

ADF is a provider of mission-critical logistics services to the live event, entertainment, sports, and broadcast industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 Magusa Global Cargo

Miami, Florida, United States

Magusa Global Cargo is a freight forwarding and logistics company specializing in the entertainment industry. Magusa takes care of the shipping and logistics process for your cargo and equipment so that you can focus on what you do best. Magusa Global Cargo was formed in 2005 and is based in Miami, Florida. Magusa Global Cargo was founded in 2005 and is based in Miami, Florida.

Buy -

Seller(S) 1

SELLER

NEP Group

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1986
Sector Media
Employees1,512
DESCRIPTION

NEP Group, Inc. is a provider of outsourced broadcasting services vital to the delivery of live sports and entertainment events. NEP serves premiere broadcast networks and production companies with state-of-the-art facilities, engineering expertise and technical management to support telecasts of major events and programs.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Bright

Vantaa, Finland

Bright is a provider of the event- entertainment- and experience services in Northern Europe and has a presence in Norway, Sweden, and Finland. The company's key areas of expertise include event technology planning and solutions as well as creative content production services for various types of events from small company parties to grand galas and arena concerts. It is also a prominent provider of system integration and offers AV equipment sales and distribution. Bright was formed in 2011 and is based in Vantaa, Finland.

Buy -
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