M&A Deal Summary

Toll Holdings Acquires Summit Logistics Services

On February 8, 2010, Toll Holdings acquired transportation company Summit Logistics Services from Landair Transport

Acquisition Highlights
  • This is Toll Holdings’ 11th transaction in the Transportation sector.
  • This is Toll Holdings’ 1st transaction in the United States.
  • This is Toll Holdings’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2010-02-08
Target Summit Logistics Services
Sector Transportation
Buyer(s) Toll Holdings
Sellers(s) Landair Transport
Deal Type Divestiture
Advisor(s) BB&T Capital Markets (Financial)

Target

Summit Logistics Services

Greeneville, Tennessee, United States
Summit Logistics Services, Inc. is a provider of contract carriage and logistics services to manufacturers in North America.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Toll Holdings

Melbourne, Australia

Category Company
Founded 1888
Sector Transportation
Revenue 8.8B AUD (2014)
DESCRIPTION

Toll Holdings Ltd. operates an extensive global logistics network across 1,200 locations in more than 50 countries. The company provides a diverse range of transport and logistics solutions covering road, air, sea, and rail to help customers meet their global supply chain needs. Toll Holdings was formed in 1888 and is based in Melbourne, Australia.


DEAL STATS #
Overall 12 of 23
Sector: Transportation M&A 11 of 22
Type: Divestiture M&A Deals 1 of 2
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 ST-Anda Logistics

Shenzhen, China

ST-Anda Logistics is an extensive logistics network across mainland China with warehouses and depots in more than 30 cities; and a distribution network reaching over 1,500 cities across the country.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-07 Australian Armoured Express Pty.

Thomastown, Australia

Australian Armoured Express Pty. Ltd. is a provider of armored delivery services.

Buy -

Seller(S) 1

SELLER

Landair Transport

Greeneville, Tennessee, United States

Category Company
Founded 1981
Sector Transportation
Revenue 60M USD (2017)
DESCRIPTION

Landair Transport, Inc. is a provider of transportation and logistics services. Landair Transport was founded in 1981 and is based in Greeneville, Tennessee.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-20 Summit Logistics Services

Greeneville, Tennessee, United States

Summit Logistics Services, Inc. is a provider of contract carriage and logistics services to manufacturers in North America.

Buy -