M&A Deal Summary

STG Logistics Acquires Veeco Holdings

On December 3, 2019, STG Logistics acquired transportation company Veeco Holdings from Lineage Capital

Acquisition Highlights
  • This is STG Logistics’ 4th transaction in the Transportation sector.
  • This is STG Logistics’ 5th transaction in the United States.
  • This is STG Logistics’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-12-03
Target Veeco Holdings
Sector Transportation
Buyer(s) STG Logistics
Sellers(s) Lineage Capital
Deal Type Add-on Acquisition

Target

Veeco Holdings

North Bergen, New Jersey, United States
Veeco Holdings LLC is a premium-service, third-party logistics provider focused on the warehousing and distribution of consumer goods into the US retail sector supply chain. With 900,00 square feet of space in New Jersey and California, Veeco offers its customers a full range of distribution and transportation services on both the east and west coasts.

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Buyer(S) 1

Buyer

STG Logistics

Bensenville, Illinois, 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 Bensenville, Illinois.

DEAL STATS #
Overall 5 of 9
Sector (Transportation) 4 of 8
Type (Add-on Acquisition) 4 of 6
State (New Jersey) 1 of 2
Country (United States) 5 of 9
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Summit Northwest

Portland, Oregon, United States

Summit Northwest Corp. is a provider of value added warehousing and distribution solutions, container freight station services, first and last mile delivery, as well as container drayage, less-than-truckload, full truckload, and cross-border ground transport.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Arrowpac International - CFS Division

Secaucus, New Jersey, United States

Arrowpac International's CFS Division is a provider of container freight station services.

Buy -

Seller(S) 1

SELLER

Lineage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 160M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lineage Capital is a private investment firm focused on acquiring interests in family-controlled and owner-managed middle-market businesses. The Firm targets businesses with EBITDA of $4 million or greater. Lineage looks for control or minority investment situations and will consider opportunities throughout North America. Lineage Capital was formed in 2003 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 8 of 10
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New Jersey) 1 of 1
Country (United States) 8 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Intelligent Manufacturing Solutions

Manchester, New Hampshire, United States

Intelligent Manufacturing Solutions is a provider of electronics manufacturing services with a unique specialization in quick-turn assembly of prototype, high-mix, and build-to-order printed circuit boards for customers primarily located in the Northeast United States. Intelligent Manufacturing Solutions was founded in 2005 and is based in Manchester, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Syracuse Glass Company

Syracuse, New York, United States

Syracuse Glass Company is an architectural glass and metal fabricator serving contract glaziers, glass retailers, and window manufacturers for residential and commercial applications. Syracuse Glass Company was founded in 1909 and is based in Syracuse, New York.

Buy -
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