M&A Deal Summary

Magnate Worldwide Acquires Cargo Logistics Group

On June 6, 2023, Magnate Worldwide acquired transportation company Cargo Logistics Group

Acquisition Highlights
  • This is Magnate Worldwide’s 8th transaction in the Transportation sector.
  • This is Magnate Worldwide’s 9th transaction in the United States.
  • This is Magnate Worldwide’s 1st transaction in Maryland.

M&A Deal Summary
Date 2023-06-06
Target Cargo Logistics Group
Sector Transportation
Buyer(s) Magnate Worldwide
Deal Type Add-on Acquisition
Advisor(s) Bengur Bryan & Co., Inc. (Financial)

Target

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.

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Buyer(S) 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 STATS #
Overall 9 of 10
Sector (Transportation) 8 of 9
Type (Add-on Acquisition) 9 of 10
State (Maryland) 1 of 1
Country (United States) 9 of 10
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Quality Air Forwarding

Milwaukee, Wisconsin, United States

Quality Air Forwarding is a group of logistics professionals who specialize in Air Express and Expedited Ground Transportation Solutions. Quality Air Forwarding was founded in 1992 and is based in Milwaukee, Wisconsin.

Buy -
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