M&A Deal Summary

Hub Group Acquires TAGG Logistics

On August 22, 2022, Hub Group acquired transportation company TAGG Logistics from Dot Family Holdings for 103M USD

Acquisition Highlights
  • This is Hub Group’s 7th transaction in the Transportation sector.
  • This is Hub Group’s 5th largest (disclosed) transaction.
  • This is Hub Group’s 7th transaction in the United States.
  • This is Hub Group’s 1st transaction in Missouri.

M&A Deal Summary
Date 2022-08-22
Target TAGG Logistics
Sector Transportation
Buyer(s) Hub Group
Sellers(s) Dot Family Holdings
Deal Type Add-on Acquisition
Deal Value 103M USD

Target

TAGG Logistics

St. Louis, Missouri, United States
TAGG Logistics is a third-party logistics (3PL) provider specializing in order fulfillment, contract distribution services, and contract packaging, kitting, and assembly. TAGG Logistics is the nationwide fulfillment, distribution, and packaging provider built to deliver Your Business EverywhereSM by efficiently serving consumers when, where, and how they shop today. TAGG Logistics was founded in 2006 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Hub Group

Oak Brook, Illinois, United States
Category Company
Founded 1971
Sector Transportation
Employees5,897
Revenue 4.2B USD (2023)
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 7 of 8
Sector (Transportation) 7 of 8
Type (Add-on Acquisition) 7 of 7
State (Missouri) 1 of 1
Country (United States) 7 of 8
Year (2022) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 Forward Air - Final Mile Business

United States

Forward Air's Final Mile Business provides residential final mile delivery and installation of big & bulky goods, with a focus on appliances. Through a network of independent service providers and 46 company-operated facilities, FAFM has delivery coverage throughout the continental US.

Buy $262M

Seller(S) 1

SELLER

Dot Family Holdings

Investor Investor Investor Investor Investor

Category Family Office
Size Small
Type Sector Focused
DESCRIPTION

Dot Family Holdings is a family office focused exclusively on acquiring middle-market distribution companies. The Firm has a special interest in master/two-step distribution and companies with national distribution business models. Dot Family Holdings will consider opportunities throughout the US and Canada and generally seeks businesses valued between $50 and $500 million. Dot Family Holdings is based in St. Louis, Missouri.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Pet Food Experts

Pawtucket, Rhode Island, United States

Pet Food Experts is a distributor of pet food and supplies partnering with 6,500 pet specialty retailers in 39 states across the U.S. Pet Food Experts was formed in 1989 and is based in Pawtucket, Rhode Island.

Buy -
Mergr

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