Divestiture • Transportation

STG Logistics Acquires XPO Logistics - The Intermodal Division

On March 25, 2022, STG Logistics acquired transportation company XPO Logistics - The Intermodal Division from XPO

Acquisition Context
  • This is STG Logistics’ 7th transaction in the Transportation sector.
  • This is STG Logistics’ 8th transaction in the United States.
  • This is STG Logistics’ 1st transaction in Connecticut.

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M&A Deal Summary

Date March 25, 2022
Target XPO Logistics - The Intermodal Division
Sector Transportation
Buyer(s) STG Logistics
Sellers(s) XPO
Deal Type Divestiture

Target Company

XPO Logistics - The Intermodal Division

Greenwich, Connecticut, United States
The Intermodal Division is a provider of containerized transportation services, providing intermodal drayage and rail brokerage services for retailers, manufacturers, third-party logistics providers, and other types of customers.
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Buyer Overview 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 Context for Buyer #
Overall 8 of 9
Sector: Transportation 7 of 8
Type: Divestiture 3 of 3
State: Connecticut 1 of 1
Country: United States 8 of 9
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 IWS

Fort Lauderdale, Florida, United States

IWS is a logistics provider of warehousing, trucking, brokerage and documentation, customs clearance, and distribution services. IWS is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Best Dedicated Solutions

Vernon Hills, Illinois, United States

Best Dedicated Solutions over-the-road ("OTR") transportation provider focused on a variety of services and modes, based in Vernon Hills, Illinois.

Buy -

Seller Profile 1

SELLER

XPO

Greenwich, Connecticut, United States

Category Company
Founded 2000
Sector Transportation
Employees38,000
Revenue 8.1B USD (2024)
DESCRIPTION
XPO office in Charlotte, North Carolina.
XPO office in Charlotte, North Carolina.

XPO is a provider of transportation and logistics solutions. XPO's transportation services include truck brokerage and transportation, less-than-truckload, intermodal, highly-engineered supply chain solutions, contract logistics, last mile, expedite, global forwarding and managed transportation. XPO was founded in 2000 and is based in Greenwich, Connecticut.


Deal Context for Seller #
Overall 3 of 4
Sector: Transportation 3 of 4
Type: Divestiture 2 of 2
State: Connecticut 3 of 3
Country: United States 3 of 4
Year: 2022 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 GXO Logistics

Greenwich, Connecticut, United States

GXO Logistics is a pure-play contract logistics provider that is committed to providing a diverse, world-class workplace for more than 130,000 team members across more than 970 facilities totaling approximately 200 million square feet. The company partners with blue chip companies to solve complex logistics challenges with technologically advanced supply chain and e-commerce solutions, at scale and with speed. GXO Logistics is headquartered in Greenwich, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 RXO

Charlotte, North Carolina, United States

RXO provides asset-light transportation solutions by offering tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding, and last-mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. RXO is headquartered in Charlotte, North Carolina.

Sell -