Add-on Acquisition • Transportation

Magnate Worldwide Acquires Cargo Logistics Group

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

Acquisition Context
  • 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.

Explore All 1751 Add-on Acquisition Transportation Deals - Search the Database Free


M&A Deal Summary

Date June 6, 2023
Target Cargo Logistics Group
Sector Transportation
Buyer(s) Magnate Worldwide
Deal Type Add-on Acquisition
Advisor(s) Bengur Bryan & Co., (Financial)

Target Company

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.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

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 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 -