M&A Deal Summary

Transportation and Logistics Systems Acquires Freight Connections

On May 26, 2022, Transportation and Logistics Systems acquired transportation company Freight Connections

Acquisition Highlights
  • This is Transportation and Logistics Systems’ 2nd transaction in the Transportation sector.
  • This is Transportation and Logistics Systems’ 2nd transaction in the United States.
  • This is Transportation and Logistics Systems’ 2nd transaction in New Jersey.

M&A Deal Summary
Date 2022-05-26
Target Freight Connections
Sector Transportation
Buyer(s) Transportation and Logistics Systems
Deal Type Add-on Acquisition

Target

Freight Connections

Ridgefield, New Jersey, United States
Freight Connections is a New Jersey-based business offering an array of transportation, warehousing, consolidating, distribution, and local cartage services throughout the tri-state area.

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Buyer(S) 1

Buyer

Transportation and Logistics Systems

Jupiter, Florida, United States
Category Company
Sector Transportation
Employees149
Revenue 8M USD (2022)
DESCRIPTION

Transportation and Logistics Systems through its subsidiaries operates as a logistics and transportation company and offers eCommerce fulfillment, last-mile delivery, two-person home delivery, mid-mile, and long-haul services, as well as pickup and warehousing services. Transportation and Logistics Systems is based in Jupiter, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-21 GRC Trucking

Kearney, New Jersey, United States

GRC Trucking, Inc. is a full-service logistics provider specializing in the import/export ocean and rail intermodal and drayage shipping.

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