M&A Deal Summary

UPS Acquires Coyote Logistics

On July 31, 2015, UPS acquired transportation company Coyote Logistics for 1.8B USD

Acquisition Highlights
  • This is UPS’s 10th transaction in the Transportation sector.
  • This is UPS’s largest (disclosed) transaction.
  • This is UPS’s 6th transaction in the United States.
  • This is UPS’s 1st transaction in Illinois.
Investment Fate
  • Coyote Logistics was divested to a consortium of strategic buyers in 2024 for 1.0B USD.

M&A Deal Summary
Date 2015-07-31
Target Coyote Logistics
Sector Transportation
Buyer(s) UPS
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Goldman Sachs
Credit Suisse Investment Banking
Morgan Stanley
Wells Fargo Securities (Financial)

Target

Coyote Logistics

Chicago, Illinois, United States
Coyote Logistics provides truckload brokerage services by utilizing an asset-light model to contract truckload shipments between shipping customers and trucking companies without directly owning any trucks. Coyote Logistics was formed in 2006 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

UPS

Atlanta, Georgia, United States
Category Company
Founded 1907
Sector Transportation
Employees500,000
Revenue 91.0B USD (2023)
DESCRIPTION
Entrance to UPS' headquarters in Atlanta, Georgia.
Entrance to UPS' headquarters in Atlanta, Georgia.

UPS is a provider of logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS serves more than 220 countries and territories worldwide. UPS was founded in 1907 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 14 of 23
Sector (Transportation) 10 of 17
Type (Add-on Acquisition) 13 of 21
State (Illinois) 1 of 1
Country (United States) 6 of 9
Year (2015) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-18 Poltraf Sp. z o.o.

Blonie, Poland

Poltraf Sp. z o.o. is a healthcare logistics company. The company is recognized for its temperature-sensitive warehousing and transportation solutions that help healthcare and life sciences companies maximise supply chain efficiencies, meet regulatory requirements and deliver products reliably and securely.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Marken

London, United Kingdom

Market Ltd. is a logistics and support services to the pharmaceutical industry fulfilling a key role in the early phase II and III stages of research and drug development.

Buy -
Mergr

Product

Company

Legal