M&A Deal Summary

Hub Group Acquires CaseStack

On November 5, 2018, Hub Group acquired transportation company CaseStack from Clarity Partners for 225M USD

Acquisition Highlights
  • This is Hub Group’s 5th transaction in the Transportation sector.
  • This is Hub Group’s 3rd largest (disclosed) transaction.
  • This is Hub Group’s 5th transaction in the United States.
  • This is Hub Group’s 1st transaction in California.

M&A Deal Summary

Date 2018-11-05
Target CaseStack
Sector Transportation
Buyer(s) Hub Group
Sellers(s) Clarity Partners
Deal Type Add-on Acquisition
Deal Value 225M USD
Advisor(s) Oppenheimer & Co. (Financial)
Goodwin Procter (Legal)

Target

CaseStack

Santa Monica, California, United States
CaseStack, Inc. is a provider of logistics outsourcing services to mid-sized consumer packaged goods companies that sell products to retailers, distributors and other manufacturers.

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Buyer(S) 1

Buyer

Hub Group

Oak Brook, Illinois, United States

Category Company
Founded 1971
Sector Transportation
Employees6,471
Revenue 3.9B USD (2024)
DESCRIPTION
Entrance to Hub Group's corporate headquarters in Oak Brook, Illinois.
Entrance to Hub Group's corporate headquarters in Oak Brook, Illinois.

Hub Group is an asset-light freight transportation management company providing intermodal, truck brokerage and logistics services. Hub Group was formed in 1971 and is based in Oak Brook, Illinois.


DEAL STATS #
Overall 5 of 9
Sector: Transportation M&A 5 of 9
Type: Add-on Acquisition M&A Deals 5 of 7
State: California M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2018 M&A 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-31 Mode Transportation

Dallas, Texas, United States

Mode Transportation is a provider of asset-light based, third-party logistics company focused on delivering truckload, less-than-truckload, intermodal, air and ocean services. Mode Transportation is based in Dallas, Texas.

Sell $239M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Choptank Transport

Preston, Maryland, United States

Choptank Transport is a full-service, third-party logistics provider that specializes in truckload, refrigerated, frozen, dry van, flatbed, LTL, LTL refrigerated, and intermodal (rail) freight. Choptank Transport was founded in 1999 and is based in Preston, Maryland.

Buy $130M

Seller(S) 1

SELLER

Clarity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Clarity Partners is a specialist private equity firm focused on investments in the communications and media sectors. Specific areas of interest include wireless, wireline and broadband services and applications; communications infrastructure; traditional and emerging media; information technology and business services. Clarity will consider making investments at all stages of company development, including early and late stage venture investing, growth equity financings, leveraged buyouts, and divestitures. Clarity Partners was formed in 2000 and is based in Beverly Hills, California.


DEAL STATS #
Overall 13 of 14
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 7
State: California M&A 6 of 6
Country: United States M&A 12 of 13
Year: 2018 M&A 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Oclaro

San Jose, California, United States

Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical, enterprise and data center, and wireless access markets. Oclaro's solutions are at the heart of the fast optical networks and high-speed interconnects driving the next wave of streaming video, cloud computing, voice over IP and other bandwidth-intensive and high-speed applications.

Sell $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 TPx Communications

Austin, Texas, United States

TPx Communications is a provider of UCaaS, Managed IT services and Managed Connectivity services, with approximately 30,000 customers and 53,000 customer locations across the U.S. TPx customers serve every business sector and include many government and not-for-profit enterprises. TPx Communications was established in 1998 and is based in Austin, Texas.

Sell -