Add-on Acquisition • Transportation

Magnate Worldwide Acquires Atlantic-Pacific Express

On October 26, 2022, Magnate Worldwide acquired transportation company Atlantic-Pacific Express

Acquisition Context
  • This is Magnate Worldwide’s 7th transaction in the Transportation sector.
  • This is Magnate Worldwide’s 8th transaction in the United States.
  • This is Magnate Worldwide’s 2nd transaction in South Carolina.

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M&A Deal Summary

Date October 26, 2022
Target Atlantic-Pacific Express
Sector Transportation
Buyer(s) Magnate Worldwide
Deal Type Add-on Acquisition

Target Company

Atlantic-Pacific Express

Columbia, South Carolina, United States
Atlantic-Pacific Express is a mission-critical logistics service provider. Atlantic-Pacific Express was founded in 1999 and is based in Columbia, South Carolina.
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Buyer Overview 1

Buyer

Magnate Worldwide

Portland, Oregon, United States

Category Company
Founded 2014
Sector Transportation
DESCRIPTION

Magnate Worldwide is a diversified supply chain management company, comprised of a unique portfolio of complementary, premier logistics providers focused on expedited domestic transportation and global freight forwarding. Magnate Worldwide was founded in 2014 and is based in Portland, Oregon.


Deal Context for Buyer #
Overall 8 of 10
Sector: Transportation 7 of 9
Type: Add-on Acquisition 8 of 10
State: South Carolina 2 of 2
Country: United States 8 of 10
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 ASAP Expediting & Logistics

Columbia, South Carolina, United States

ASAP Expediting & Logistics LLC is a 24/7 nationwide logistics company specializing in same and next-day transportation. ASAP Expediting & Logistics was founded in 2008 and is based in Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Cargo Logistics Group

Columbia, Maryland, United States

Cargo Logistics Group is a custom logistics service provider. CLG specialized, in providing comprehensive logistics solutions for international and domestic mission-critical supply chains. CLG was founded in 1993 and is based in Columbia, Maryland.

Buy -