M&A Deal Summary

Horizon Air Freight Acquires Transmarine

On February 13, 2023, Horizon Air Freight acquired marine company Transmarine

Acquisition Highlights

This is Horizon Air Freight’s 1st transaction in the Marine sector.
This is Horizon Air Freight’s 1st transaction in the United States.
This is Horizon Air Freight’s 1st transaction in California.

M&A Deal Summary
Date	2023-02-13
Target	Transmarine
Sector	Marine
Buyer(s)	Horizon Air Freight
Deal Type	Add-on Acquisition

Target

Transmarine

Long Beach, California, United States

Transmarine is a U.S. tramp ship agency that delivers value-creating agency service by placing experience and expertise aboard the vessel. Its clients form a roster of the world’s most prestigious and recognizable companies in bulk shipping, commodities, trading, grain houses, industrial conglomerates, national oil companies, cement makers, and electricity generation utilities – from all continents. The company coverage map includes every port on the US West Coast along with Texas, Louisiana, the lower Mississippi River, and Hawaii. Transmarine was formed in 1938 and is based in Long Beach, California.

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