M&A Deal Summary

Service Transport Co. Acquires CTL Transportation

On May 17, 2020, Service Transport Co. acquired transportation company CTL Transportation from Comcar Industries

Acquisition Highlights
  • This is Service Transport Co.’s 2nd transaction in the Transportation sector.
  • This is Service Transport Co.’s 2nd transaction in the United States.
  • This is Service Transport Co.’s 1st transaction in Florida.

M&A Deal Summary

Date 2020-05-17
Target CTL Transportation
Sector Transportation
Buyer(s) Service Transport Co.
Sellers(s) Comcar Industries
Deal Type Divestiture

Target

CTL Transportation

Auburndale, Florida, United States
CTL Transportation LLC is a quality service company in the general chemical transportation industry. A specialized niche business, it offers superior liquid bulk transportation solutions backed by strategic terminal locations and reliable capacity. CTL Transportation was formed in 1964 and is based in Auburndale, Florida.

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Buyer(S) 1

Buyer

Service Transport Co.

Houston, Texas, United States

Category Company
Founded 1965
Sector Transportation
DESCRIPTION

Service Transport Co. engages in the carrier of petroleum, petroleum products, (including petrochemicals) and waste liquids. In 1980, the Environmental Protection Agency permitted Service as a waste transporter.


DEAL STATS #
Overall 2 of 2
Sector: Transportation M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Florida 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
2019-05-06 EH Transport

Houston, Texas, United States

EH Transport, Inc. is a trucking company provide superior, safe and reliable transportation service to customers. EH Transport operating objective is to be viewed as an extension of the customer’s organization while delivering cost-effective, dependable support in the Asphalt, Oil, Chemicals and Industrial Gas industries.

Buy -

Seller(S) 1

SELLER

Comcar Industries

Auburndale, Florida, United States

Category Company
Founded 1953
Sector Transportation
DESCRIPTION

Comcar Industries is a transportation and logistics company with over 40 strategically-located terminal and satellite locations across the country. Its career professionals are dedicated to the transportation and distribution of almost any type of commodity within the 48 contiguous United States. Comcar Industries was formed in 1953 and is headquartered in Auburndale, Florida.


DEAL STATS #
Overall 2 of 3
Sector: Transportation M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
State: Florida M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-17 CT Transportation

Port Wentworth, Georgia, United States

CT Transportation LLC is a flatbed carrier that specializes in construction materials; services include long haul, regional and short haul flatbed, dedicated fleets, and brokerage. CT Transportation was formed in 1939 and is based in Port Wentworth, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 MCT Transportation

Sioux Falls, South Dakota, United States

MCT Transportation LLC operates across the continental United States, providing refrigerated and dry van transportation services for a wide range of temperature-sensitive and general commodities. The company operates the largest foliage consolidation and shipping operation in Florida. In addition to its dedicated fleet, specialty, and regional operations, it offers premium logistics and brokerage services to further streamline the supply chain. MCT was formed in 1949 and is based in Sioux Falls, South Dakota.

Sell $13M