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  6. STG Logistics Acquires EXTRA Express Cerritos

M&A Deal Summary

STG Logistics Acquires EXTRA Express Cerritos

On May 9, 2017, STG Logistics acquired transportation company EXTRA Express Cerritos from Dicom

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

M&A Deal Summary
Date 2017-05-09
Target EXTRA Express Cerritos
Sector Transportation
Buyer(s) STG Logistics
Sellers(s) Dicom
Deal Type Divestiture

Target

EXTRA Express Cerritos

Brea, California, United States
Extra Express is a provider of comprehensive warehousing and related delivery services to blue-chip accounts throughout California. Extra operates four warehouse facilities and maintains access to a network of more than 300 delivery vehicles.

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Buyer(S) 1

Buyer

STG Logistics

Dublin, Ohio, United States
Category Company
Founded 1985
Sector Transportation
DESCRIPTION

STG Logistics is a provider of facilities-based containerized logistics services including container deconsolidation, reconsolidation, transloading, warehousing, and outsourced transportation solutions including final mile delivery. STG Logistics was founded in 1985 and is based in Dublin, Ohio.

DEAL STATS #
Overall 1 of 9
Sector: Transportation M&A 1 of 8
Type: Divestiture M&A Deals 1 of 3
State: California M&A 1 of 2
Country: United States M&A 1 of 9
Year: 2017 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-14 Channel Distribution

Bensenville, Illinois, United States

Channel Distribution Corp. is an operator of a full service warehouse and distribution center in Bensenville, Illinois, adjacent O'Hare International Airport. CDC handles international import and export ocean cargo, international air import freight, and domestic distribution logistics. Services include cross dock, trans-loading, inventory management, order fulfillment and pick and pack.

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Seller(S) 1

SELLER

Dicom

Dorval, Quebec, Canada
Category Company
Founded 2014
Sector Transportation
DESCRIPTION

Dicom is a provider of expedited transportation and logistics services. Dicom’s services include Courier, Less-than-Truckload, Truckload and Transportation Management Services operated under the Dicom Express, JiT and GoJiT brands. Dicom was founded in 2014 and is based in Dorval, Quebec.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Eastern Connection Operating

Woburn, Massachusetts, United States

Eastern Connection Operating, Inc. is a regional express parcel carrier in the Northeast U.S. Eastern Connection operates four main business units: Ground, Priority, Same Day and Logistics. The company utilizes 19 terminals and cross-dock facilities to handle shipments for B2B accounts.

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