M&A Deal Summary

Magnate Worldwide Acquires Somerset Marine Lines

On October 30, 2015, Magnate Worldwide acquired marine company Somerset Marine Lines

Acquisition Highlights
  • This is Magnate Worldwide’s 1st transaction in the Marine sector.
  • This is Magnate Worldwide’s 2nd transaction in the United States.
  • This is Magnate Worldwide’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-10-30
Target Somerset Marine Lines
Sector Marine
Buyer(s) Magnate Worldwide
Deal Type Add-on Acquisition

Target

Somerset Marine Lines

Hillsborough, New Jersey, United States
Somerset Marine Lines LLC provides domestic and international freight forwarding services through a global network of offices and third-party agents.

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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 2 of 10
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (New Jersey) 1 of 1
Country (United States) 2 of 10
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-30 Trump Card

Costa Mesa, California, United States

TrumpCard is a provider of premium logistics services specializing in the transportation of high-value and time-sensitive shipments across the healthcare, aerospace, entertainment, and electronics industries, among others.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-27 Premium Transportation Logistics

Toledo, Ohio, United States

Premium Transportation Logistics is a provider of expedited domestic ground and freight brokerage services for customers with time-critical logistics needs. PTL offers door-to-door solutions to customers in the auto, white goods, building products, and industrial machinery industries, among others. Premium Transportation Logistics was established in 2002 and is based in Toledo, Ohio.

Buy -
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