Add-on Acquisition • Transportation

Team Drive-Away Acquires IXT Logistics

On February 26, 2020, Team Drive-Away acquired transportation company IXT Logistics

Acquisition Context

This is Team Drive-Away’s 1st transaction in the Transportation sector.
This is Team Drive-Away’s 1st transaction in the United States.
This is Team Drive-Away’s 1st transaction in Kansas.

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M&A Deal Summary
Date	February 26, 2020
Target	IXT Logistics
Sector	Transportation
Buyer(s)	Team Drive-Away
Deal Type	Add-on Acquisition

Target Company

IXT Logistics

Kansas City, Kansas, United States

IXT Logistics LLC is a provider of transportation booking services. IXT Logistics is based in Kansas City.

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Buyer Overview 1

Buyer

Team Drive-Away

Olathe, Kansas, United States

Category	Company
Founded	2007
Sector	Transportation

DESCRIPTION

Team Drive-Away, Inc. is a non-asset-based commercial vehicle logistics provider specializing in matching professional drivers with moves of used and new heavy-haul Class 8 trucks for sellers and buyers as well as moves to reposition and optimize fleets. Team Drive-Away was founded in 2007 and is based in Olathe, Kansas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Transportation	1 of 1
Type: Add-on Acquisition	1 of 1
State: Kansas	1 of 1
Country: United States	1 of 1
Year: 2020	1 of 1

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Transportation M&A - Add-on Acquisition M&A Deals - Kansas M&A - United States M&A - 2020 M&A