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  6. Penske Logistics Acquires Black Horse Carriers

M&A Deal Summary

Penske Logistics Acquires Black Horse Carriers

On November 30, 2020, Penske Logistics acquired transportation company Black Horse Carriers

Acquisition Highlights
  • This is Penske Logistics’ 2nd transaction in the Transportation sector.
  • This is Penske Logistics’ 2nd transaction in the United States.
  • This is Penske Logistics’ 1st transaction in Illinois.

M&A Deal Summary
Date 2020-11-30
Target Black Horse Carriers
Sector Transportation
Buyer(s) Penske Logistics
Deal Type Add-on Acquisition

Target

Black Horse Carriers

Carol Stream, Illinois, United States
Black Horse Carriers, Inc. is a trucking company that provides services to the food and grocery, retail, bakery, dairy, CPG, manufacturing, and automotive industries. The company operates a trucking fleet of more than 2,000 vehicles, and services customers from more than 90 terminals across the United States. Black Horse Carriers was founded in 1925 and is based Carol Stream, Illinois.

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Buyer(S) 1

Buyer

Penske Logistics

Reading,, Pennsylvania, United States
Category Company
Founded 1969
Sector Transportation
DESCRIPTION

Penske Logistics provides supply chain management and logistics services to leading companies around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management.

DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Transfreight North America

Erlanger,, Kentucky, United States

Transfreight North America, a provider of third-party logistics and supply chain solution.

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