M&A Deal Summary

LongueVue Capital Acquires TTI Logistics

On August 18, 2023, private equity firm LongueVue Capital acquired transportation company TTI Logistics

Acquisition Highlights
  • This is LongueVue Capital’s 7th transaction in the Transportation sector.
  • This is LongueVue Capital’s 30th transaction in the United States.
  • This is LongueVue Capital’s 2nd transaction in Florida.

M&A Deal Summary
Date 2023-08-18
Target TTI Logistics
Sector Transportation
Buyer(s) LongueVue Capital
Deal Type Recapitalization

Target

TTI Logistics

Jacksonville Beach, Florida, United States
TTI Logistics is an asset-light third-party logistics business that provides white-glove transportation, storage, and installation services for time-sensitive high-value products and retail displays. TTi provides a broad array of B2B logistics services to support its customers’ marketing and fulfillment needs and specializes in sample management, trade shows, special events, retail installations, and healthcare. TTI Logistics was formed in 1994 and is based in Jacksonville Beach, Florida.

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Buyer(S) 1

Buyer

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.

DEAL STATS #
Overall 30 of 31
Sector (Transportation) 7 of 7
Type (Recapitalization) 7 of 7
State (Florida) 2 of 2
Country (United States) 30 of 31
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-15 Global Gourmet

Garland, Texas, United States

Global Gourmet serves a nationwide customer base spanning a variety of end markets including retail, food service, distribution, education, and institutional partners. Within the frozen food segment, Global Gourmet is a leader in handheld and appetizer categories including egg rolls, burritos, flautas, taquitos, enchiladas, and battered, breaded, and fried chicken products. Global Gourmet was founded in 1992 and is based in Garland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Professional Rental Tools

Houston, Texas, United States

Professional Rental Tools is a provider of stabilization and support equipment for oil and gas companies in the deep-water Gulf of Mexico. Professional Rental Tools is based in Houston, Texas.

Sell $62M
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