Investment Summary

Kuehne + Nagel Invests In IMC Logistics

On November 14, 2024, Kuehne + Nagel invested in transportation company IMC Logistics

Investment Highlights
  • This is Kuehne + Nagel’s 22nd transaction in the Transportation sector.
  • This is Kuehne + Nagel’s 5th transaction in the United States.
  • This is Kuehne + Nagel’s 2nd transaction in Tennessee.

Investment Summary
Date 2024-11-14
Target IMC Logistics
Sector Transportation
Investor(s) Kuehne + Nagel
Deal Type Stake Purchase
Advisor(s) BofA Securities (Financial)
Baker, Donelson, Bearman, Caldwell & Berkowitz (Legal)

Target

IMC Logistics

Collierville, Tennessee, United States
IMC Logistics is a marine drayage provider with a fleet of trucks and chassis and an integrated network of smart depots. IMC Logistics provides services like marine drayage, expedited services, truck brokerage, transloading & warehousing, chassis provisioning, management of dedicated trains, and secured container storage. IMC Logistics was formed in 1982 and is based in Collierville, Tennessee.

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Investor(S) 1

Investor

Kuehne + Nagel

Schindellegi, Switzerland
Category Company
Founded 1890
Sector Transportation
Employees74,996
Revenue 23.8B CHF (2023)
DESCRIPTION

Kuehne + Nagel is a global transportation and logistics company. Kuehne + Nagel was founded in 1890 and is based in Schindellegi, Switzerland.

DEAL STATS #
Overall 23 of 23
Sector (Transportation) 22 of 22
Type (Stake Purchase) 2 of 2
State (Tennessee) 2 of 2
Country (United States) 5 of 5
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 City Zone Express

Bukit Mertajam, Malaysia

City Zone Express offers cross-border logistics services spanning the entirety of Southeast Asia up to China. It operates more than 860,000 sqft of warehouses in Singapore, Malaysia, Thailand, Myanmar, Vietnam and China. Besides, providing service facilities for Bonded and Non-Bonded cargoes in additional supplementing value-added manual operations such as sorting, re-labeling, re-packing, re-palletizing, inventory monitoring, and replenishment. City Zone Express was formed in 2006 and is based in Bukit Mertajam, Malaysia.

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Legal