Add-on Acquisition • Transportation

LSO Acquires Express Courier International

On February 11, 2015, LSO acquired transportation company Express Courier International from Riverside

Acquisition Context
  • This is LSO’s 1st transaction in the Transportation sector.
  • This is LSO’s 1st transaction in the United States.
  • This is LSO’s 1st transaction in Tennessee.
Investment Fate
  • Express Courier International was divested to a consortium of strategic buyers in 2022.

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M&A Deal Summary

Date February 11, 2015
Target Express Courier International
Sector Transportation
Buyer(s) LSO
Sellers(s) Riverside
Deal Type Add-on Acquisition

Target Company

Express Courier International

Franklin, Tennessee, United States
Express Courier International provides same-day and on-demand delivery and logistical services for time-critical shipments. ECI services include tailored pick-up and delivery scheduling and customized warehousing services. The company operates 19 offices in five Southeastern states. Express Courier International was founded in 1984 and is based in Franklin, Tennessee.
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Buyer Overview 1

Buyer

LSO

Plano, Texas, United States

Category Company
Founded 1991
Sector Transportation
DESCRIPTION

LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Plano, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Transportation 1 of 1
Type: Add-on Acquisition 1 of 1
State: Tennessee 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Express Courier International

Franklin, Tennessee, United States

Express Courier International provides same-day and on-demand delivery and logistical services for time-critical shipments. ECI services include tailored pick-up and delivery scheduling and customized warehousing services. The company operates 19 offices in five Southeastern states. Express Courier International was founded in 1984 and is based in Franklin, Tennessee.

Sell -

Seller Profile 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


Deal Context for Seller #
Overall 99 of 209
Sector: Transportation 1 of 2
Type: Add-on Acquisition 41 of 87
State: Tennessee 2 of 5
Country: United States 74 of 147
Year: 2015 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-15 Rameder

Leutenberg, Germany

Rameder is an online retailer of tow-bars, automotive carrier systems, and related accessories. Rameder manages online shops in over ten countries (including kupplung.de in Germany). Rameder was founded in 1995 and is based in Leutenberg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-16 Bike24

Dresden, Germany

Bike24 is an online retailer of cycling and tri-sports equipment, accessories and apparel. Bike24 is based in Dresden, Germany.

Buy -