M&A Deal Summary

Universal Logistics Holdings Acquires Southern Counties Express

On August 10, 2018, Universal Logistics Holdings acquired transportation company Southern Counties Express for 65M USD

Acquisition Highlights
  • This is Universal Logistics Holdings’ 3rd transaction in the Transportation sector.
  • This is Universal Logistics Holdings’ 3rd largest (disclosed) transaction.
  • This is Universal Logistics Holdings’ 3rd transaction in the United States.
  • This is Universal Logistics Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2018-08-10
Target Southern Counties Express
Sector Transportation
Buyer(s) Universal Logistics Holdings
Deal Type Add-on Acquisition
Deal Value 65M USD
Advisor(s) Plethora Businesses (Financial)

Target

Southern Counties Express

Rancho Dominguez, California, United States
Southern Counties Express, Inc. is a provider of full-service harbor drayage, transloading, warehousing, and project cargo services to a portfolio of Fortune 500 companies across a number of industries, including Retail, Electronics and Health & Fitness Equipment. Southern Counties Express, Inc. was founded in 1990 and is based in Rancho Dominguez, California.

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Buyer(S) 1

Buyer

Universal Logistics Holdings

Warren, Michigan, United States
Category Company
Founded 1932
Sector Transportation
Employees9,311
Revenue 1.7B USD (2023)
DESCRIPTION

Universal Logistics Holdings is a provider of transportation services to shippers. Universal's trucking services include both flatbed and dry van operations and Universal provides rail-truck and steamship-truck intermodal support services. Universal Logistics Holdings was founded in 1932 and is based in Warren, Michigan.

DEAL STATS #
Overall 3 of 8
Sector (Transportation) 3 of 8
Type (Add-on Acquisition) 3 of 7
State (California) 1 of 2
Country (United States) 3 of 8
Year (2018) 2 of 4
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Fore Transportation

Harvey, Illinois, United States

Fore Transportation, Inc. is a provider of intermodal logistics solutions, including local and regional drayage services, yard services, chassis rental, and repair and maintenance. Fore Transportation, Inc. was founded in 1994 and is based in Harvey, Illinois.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-12 Specialized Rail Service

Clearfield, Utah, United States

Specialized Rail Service, Inc. is a provider of local and regional intermodal drayage services, as well as transloading, cross-docking, warehousing and distribution, and intermodal facility management. Specialized Rail Service, Inc. is based in Clearfield, Utah.

Buy $12M
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