Add-on Acquisition • Marine

Horizon Air Freight Acquires Transmarine

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date February 13, 2023
Target Transmarine
Sector Marine
Buyer(s) Horizon Air Freight
Deal Type Add-on Acquisition

Target Company

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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Buyer Overview 1

Buyer

Horizon Air Freight

Jamaica, New York, United States

Category Company
Founded 1970
Sector Transportation
DESCRIPTION

Horizon Air Freight is a specialized freight forwarder focused on the marine industry serving leading U.S.and international shipping companies and cruise lines. Horizon Air Freight was founded in 1970 and is based in Jamaica, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Marine 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1