M&A Deal Summary

Total Transportation Services Acquires Marine Container Services

On April 11, 2022, Total Transportation Services acquired real estate company Marine Container Services

Acquisition Highlights
  • This is Total Transportation Services’ 1st transaction in the Real Estate sector.
  • This is Total Transportation Services’ 1st transaction in the United States.
  • This is Total Transportation Services’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-04-11
Target Marine Container Services
Sector Real Estate
Buyer(s) Total Transportation Services
Deal Type Add-on Acquisition

Target

Marine Container Services

Newark, New Jersey, United States
Marine Container Services is a provider of intermodal drayage and warehousing services to beneficial cargo owners (BCOs) moving cargo through the Ports of Newark and the Port of Savannah and operates a fleet of over 130 tractors and approximately 300,000 sq. ft. of warehousing space across four facilities. Marine Container Services is based in Newark, New Jersey.

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Buyer(S) 1

Buyer

Total Transportation Services

Long Beach, California, United States
Category Company
Founded 1989
Sector Transportation
DESCRIPTION

Total Transportation Services is a port and rail drayage businesses in North America and is the only drayage provider with a container yard strategically located within the Port of Los Angeles, the largest port of entry by container volume in North America. The Company also has a growing presence in other significant markets, including New York/New Jersey, Chicago, Seattle/Tacoma, Norfolk, and Savannah. In addition to drayage, TTSI offers regional trucking with dedicated fleets, warehousing, and brokerage primarily serving the retail, freight logistics, apparel, and automotive markets. Total Transportation Services was founded in 1989 and is based in Long Beach, California.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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