M&A Deal Summary

Penske Logistics Acquires Transfreight North America

On May 8, 2015, Penske Logistics acquired transportation company Transfreight North America from Mitsui & Co

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

M&A Deal Summary
Date 2015-05-08
Target Transfreight North America
Sector Transportation
Buyer(s) Penske Logistics
Sellers(s) Mitsui & Co
Deal Type Divestiture

Target

Transfreight North America

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

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

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 1 of 2
Sector (Transportation) 1 of 2
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 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.

Buy -

Seller(S) 1

SELLER

Mitsui & Co

Tokyo, Japan
Category Company
Founded 1947
Sector Diversified
Employees53,602
Revenue 13.32T JPY (2024)
DESCRIPTION

Mitsui & Co engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of ferrous scrap and alloy products and chemicals, energy, food, food & retail management, healthcare & service, consumer business, IT & communication business, corporate development business. Mitsui & Co was founded in 1947 and is based in Tokyo, Japan.

DEAL STATS #
Overall 6 of 14
Sector (Transportation) 1 of 1
Type (Divestiture) 3 of 9
State (Kentucky) 1 of 1
Country (United States) 4 of 8
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-26 The Delta Companies

Dallas, Texas, United States

The Delta Companies provides temporary and permanent healthcare staffing services for US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 KM Aluminum

Omuta, Japan

KM Aluminum Co. is a manufacturer of aluminum products for semiconductor industry. KM Aluminum Co. is headquartered in Omuta, Japan.

Sell -
Mergr

Product

Company

Legal