M&A Deal Summary |
|
|---|---|
| Date | 2024-02-01 |
| Target | Cardinal Logistics |
| Sector | Transportation |
| Buyer(s) | Ryder System |
| Sellers(s) | H.I.G. Private Equity |
| Deal Type | Add-on Acquisition |
| Advisor(s) | William Blair (Financial) McDermott Will & Emery (Legal) |
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| Category | Company |
|---|---|
| Founded | 1933 |
| Sector | Transportation |
| Employees | 47,500 |
| Revenue | 11.8B USD (2023) |
Ryder System is a provider of commercial fleet management and supply chain solutions. Ryder operates in two business segments: Fleet Management Solutions (FMS), which provides full-service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the U.S., Canada and the U.K.; and Supply Chain Solutions (SCS), which provides comprehensive supply chain solutions including distribution and transportation services in North America and Asia. The SCS segment also provides dedicated services, which includes vehicles and drivers as part of a dedicated transportation solution in the U.S. Ryder's customers range from small businesses to large international enterprises. Ryder System was founded in 1933 and is based in Coral Gables, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 27 |
| Sector (Transportation) | 19 of 19 |
| Type (Add-on Acquisition) | 25 of 25 |
| State (North Carolina) | 2 of 2 |
| Country (United States) | 21 of 21 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-23 |
Impact Fulfillment Services
Burlington, North Carolina, United States Impact Fulfillment Services specializes in contract packaging, contract manufacturing, and warehousing for some of the largest and best-known consumer brands in the United States, primarily in the consumer packaged goods (CPG), retail, and healthcare industries. Impact Fulfillment Services is based in Burlington, North Carolina. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.
| DEAL STATS | # |
|---|---|
| Overall | 166 of 175 |
| Sector (Transportation) | 4 of 4 |
| Type (Add-on Acquisition) | 69 of 72 |
| State (North Carolina) | 2 of 2 |
| Country (United States) | 117 of 120 |
| Year (2024) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-29 |
DX Group
Datchet, United Kingdom DX Group provides parcel, freight, secure courier, and logistics services in the United Kingdom and Ireland. The company operates through two segments, DX Freight and DX Express. DX Group was founded in 1975 and is based in Datchet, the United Kingdom. |
Buy | £307M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-11 |
ICG
Leonberg, Germany ICG builds complex FTTx networks on behalf of public and private German network operators. ICG is based in Leonberg, Germany. |
Sell | - |
