M&A Deal Summary

XPO Acquires Bridge Terminal Transport

On May 4, 2015, XPO acquired transportation company Bridge Terminal Transport from Platinum Equity

Acquisition Highlights
  • This is XPO’s 11th transaction in the Transportation sector.
  • This is XPO’s 13th transaction in the United States.
  • This is XPO’s 2nd transaction in North Carolina.

M&A Deal Summary

Date 2015-05-04
Target Bridge Terminal Transport
Sector Transportation
Buyer(s) XPO
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition

Target

Bridge Terminal Transport

Charlotte, North Carolina, United States
Bridge Terminal Transport, Inc. is a marine drayage company in the United States. It covers major port locations and inland rail sites through a network of 28 terminals, 25 container yards and over 1,285 owner operators. Customers include shipping lines, importers/exporters, and related segments.

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Buyer(S) 1

Buyer

XPO

Greenwich, Connecticut, United States

Category Company
Founded 2000
Sector Transportation
Employees39,000
Revenue 7.7B USD (2023)
DESCRIPTION
XPO office in Charlotte, North Carolina.
XPO office in Charlotte, North Carolina.

XPO is a provider of transportation and logistics solutions. XPO's transportation services include truck brokerage and transportation, less-than-truckload, intermodal, highly-engineered supply chain solutions, contract logistics, last mile, expedite, global forwarding and managed transportation. XPO was founded in 2000 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 15 of 17
Sector (Transportation) 11 of 13
Type (Add-on Acquisition) 14 of 15
State (North Carolina) 2 of 2
Country (United States) 13 of 14
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Norbert Dentressangle SA

Lyon, France

Norbert Dentressangle SA provides transport services in Europe.

Buy $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Con-way

Ann Arbor, Michigan, United States

Con-way, Inc. is a freight transportation and logistics services company. Con-way delivers services through three primary operating companies: Con-way Freight, Con-way Truckload Services and Menlo Logistics. These operating units provide high-performance, day-definite less-than-truckload and full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services, and trailer manufacturing.

Buy $3.0B

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 41 of 78
Sector (Transportation) 3 of 6
Type (Add-on Acquisition) 22 of 39
State (North Carolina) 1 of 2
Country (United States) 34 of 65
Year (2015) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 Pearl Engineered Solutions

Hong Kong, China

Pearl Engineered Solutions is a vertically integrated manufacturing solutions provider for plastic injection molded and metal stamping components. Pearl Engineered Solutions primarily serves the electronics, telecommunication, automotive and industrial industries and has four facilities in the Asia region, two mega facilities in China, one in Thailand and Malaysia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 DMS Health Technologies

Fargo, North Dakota, United States

DMS Health Technologies offers a wide range of imaging services including mobile, interim, and fixed-site solutions. DMS Health Technologies was founded in 1972 and is based in Fargo, North Dakota.

Sell $36M