M&A Deal Summary

USPack Acquires Fleetgistics

On November 14, 2018, USPack acquired transportation company Fleetgistics from Five Points Capital, Harbour Group and Stellus Capital Management

Acquisition Highlights
  • This is USPack’s 4th transaction in the Transportation sector.
  • This is USPack’s 5th transaction in the United States.
  • This is USPack’s 1st transaction in Florida.

M&A Deal Summary

Date 2018-11-14
Target Fleetgistics
Sector Transportation
Buyer(s) USPack
Sellers(s) Five Points Capital
Harbour Group
Stellus Capital Management
Deal Type Add-on Acquisition

Target

Fleetgistics

Orlando, Florida, United States
Fleetgistics, Inc. is a provider of outsourced same-day, dedicated route logistics services to customers predominantly located on the east coast of the United States. Fleetgistics was formed in 1987 and is based in Orlando, Florida.

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

USPack

Orlando, Florida, United States

Category Company
Founded 1986
Sector Transportation
DESCRIPTION

USPack provides same-day delivery services in the Northeast, Mid-Atlantic, Midwest and Pacific Northwest regions and serves the rapidly growing last-mile segment of the logistics industry for industry customers. USPack was founded in 1986 and is based in Orlando, Florida.


DEAL STATS #
Overall 5 of 8
Sector (Transportation) 4 of 7
Type (Add-on Acquisition) 5 of 8
State (Florida) 1 of 1
Country (United States) 5 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 JS Logistics

St. Louis, Missouri, United States

JS Logistics, Inc. is a provider of on-demand rush delivery services in the Midwest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-24 Gumro & Associates

Auburn Hills, Michigan, United States

Gumro & Associates is a provider of pool distribution and store replenishment solutions. Gumro creates solutions for distribution challenges with a personalized approach to individual businesses. Retail Logistics. Final Mile, Pool Distribution, Warehousing, and Supply Chain Technology. Technology. Gumro & Associates was established in 1974 and is based in Auburn Hills, Michigan.

Buy -

Seller(S) 3

SELLER

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 35 of 58
Sector (Transportation) 4 of 4
Type (Add-on Acquisition) 8 of 24
State (Florida) 3 of 3
Country (United States) 35 of 58
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Quick Med Claims

Pittsburgh, Pennsylvania, United States

Quick Med Claims is a provider of outsourced RCM solutions covering the entire claim cycle with unique, dual expertise in air and ground emergency transport services. QMC’s services and solutions platform maximizes reimbursement, cash collection, and timing, and ensures compliance for its diverse EMS-focused customer base. Quick Med Claims was founded in 1991 and is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 SeraCare Life Sciences

Milford, Massachusetts, United States

SeraCare Life Sciences, Inc. provides an innovative portfolio of diagnostic controls, plasma-derived reagents and molecular biomarkers used in the discovery, production, and clinical application of a variety of in vitro diagnostics. SeraCare’s global customer base includes in-vitro diagnostics assay developers and manufacturers, clinical laboratories, pharmaceutical companies, and proficiency providers.

Sell -
SELLER

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $50 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 16 of 23
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 7 of 12
State (Florida) 2 of 4
Country (United States) 16 of 23
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Nationwide Industries

Tampa, Florida, United States

Nationwide Industries is a designer and manufacturer of quality hardware and components for the building materials industry. Nationwide’s products include a broad line of fence and gate hardware, railing component and infill systems, perimeter security components, custom building materials components sold on an OEM basis, and hardware for the patio industry. Nationwide Industries is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Cattron

Warren, Ohio, United States

Cattron is a manufacturer of wireless control solutions for safety and mission-critical applications. Cattron has designed, manufactured, and supplied controls that are well recognized and respected in both the rail and industrial markets. Cattron's product portfolio includes complementary machine and operator controls. Cattron was founded in 1946 and is based in Warren, Ohio.

Buy -
SELLER

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $30 to $50 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 3 of 5
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 3 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 Cars Protection Plus

Murrysville, Pennsylvania, United States

Cars Protection Plus, Inc. is a provider of vehicle service contracts (“VSCs”) to independent and franchise dealerships throughout the United States. Cars Protection Plus was founded in 1998 and is based in Murrysville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Munch s Supply

Hillside, Illinois, United States

Munch's Supply is an HVAC distributor and third-generation family business focused exclusively on supplying heating and cooling industry contractors with quality products. Munch's Supply was founded in 1956 and is based in Hillside, Illinois.

Buy -