M&A Deal Summary

Instico Logistics Acquires Morrison - Road Transportation Assets

On June 4, 2016, Instico Logistics acquired transportation company Morrison - Road Transportation Assets from Morrison Express

Acquisition Highlights
  • This is Instico Logistics’ 1st transaction in the Transportation sector.
  • This is Instico Logistics’ 1st transaction in the United States.

M&A Deal Summary

Date 2016-06-04
Target Morrison - Road Transportation Assets
Sector Transportation
Buyer(s) Instico Logistics
Sellers(s) Morrison Express
Deal Type Divestiture

Target

Morrison - Road Transportation Assets

United States
Morrison - Road Transportation Assets comprises trucking assets including drivers and customer contracts advances.

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Buyer(S) 1

Buyer

Instico Logistics

Grapevine, Texas, United States

Category Company
Founded 2014
Sector Transportation
DESCRIPTION

Instico Logistics LLC is a 3PL and is licensed through the Federal Motor Carrier Safety Administration and Federal Maritime Commission as a Broker and Freight Forwarder respectively. InstiCo is nationally certified as a Minority Business Enterprise. The company is a full service transportation broker, Freight Forwarder, and Indirect Air Carrier offering its customers logistics and supply chain solutions. In addition, InstiCo Express, LLC offers dedicated, expedited, and over the road transportation solutions.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Morrison Express

Taipei, Taiwan

Category Company
Founded 1972
Sector Transportation
DESCRIPTION

Morrison Express began as a regional air freight specialist. Company is a global provider of freight forwarding and logistics services with a network of more than 300 company and agent offices across five continents.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1