M&A Deal Summary

Lubbers Logistics Group Acquires Cargo Masters

On December 17, 2020, Lubbers Logistics Group acquired transportation company Cargo Masters from Epes Logistics Services

Acquisition Highlights
  • This is Lubbers Logistics Group’s 2nd transaction in the Transportation sector.
  • This is Lubbers Logistics Group’s 1st transaction in the United States.
  • This is Lubbers Logistics Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-12-17
Target Cargo Masters
Sector Transportation
Buyer(s) Lubbers Logistics Group
Sellers(s) Epes Logistics Services
Deal Type Divestiture

Target

Cargo Masters

Charlotte, North Carolina, United States
Cargo Masters, Inc. is a freight transportation and logistics firm. Cargo Masters was founded in 2015 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Lubbers Logistics Group

Schoonebeek, Netherlands
Category Company
Founded 1929
Sector Transportation
Employees270
Revenue 55M EUR (2012)
DESCRIPTION

Lubbers Logistics Group is a specialist in transport and logistics for the upstream oil & gas sector and special transport for the heavy industry and energy sector. Lubbers Logistics Group B.V. was founded in 1929 and is based in Schoonebeek, Netherlands.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-25 Wagenborg - Special Road Transport Division

Netherlands

Wagenborg - Special Road Transport Division offers a number of adjacent logistics services such as drilling rig relocations, project management, recruitment services and offshore container rental.

Buy -

Seller(S) 1

SELLER

Epes Logistics Services

Greensboro, North Carolina, United States
Category Company
Founded 1987
Sector Transportation
DESCRIPTION

Epes Logistics Services, Inc. is a third party logistics and freight management company. Epes Logistics Services, Inc. was established in 1987 and is headquartered in Greensboro, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Atlantic Logistics

Jacksonville, Florida, United States

Atlantic Logistics, Inc. is a transportation service provider. Atlantic Logistics, Inc. was established in 2001 and is headquartered in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Cooper

Oakwood, Georgia, United States

Cooper is a freight brokerage specializing in full and partial truckload shipments throughout the United States. Cooper was formed in 2003 and is based in Oakwood, Georgia.

Buy -
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