M&A Deal Summary

York Private Equity Acquires Mode Transportation

On August 31, 2018, private equity firm York Private Equity acquired transportation company Mode Transportation from Hub Group for 239M USD

Acquisition Highlights
  • This is York Private Equity’s 1st transaction in the Transportation sector.
  • This is York Private Equity’s largest (disclosed) transaction.
  • This is York Private Equity’s 3rd transaction in the United States.
  • This is York Private Equity’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-08-31
Target Mode Transportation
Sector Transportation
Buyer(s) York Private Equity
Sellers(s) Hub Group
Deal Type Divestiture
Deal Value 239M USD

Target

Mode Transportation

Dallas, Texas, United States
Mode Transportation is a provider of asset-light based, third-party logistics company focused on delivering truckload, less-than-truckload, intermodal, air and ocean services. Mode Transportation is based in Dallas, Texas.

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Buyer(S) 1

DESCRIPTION

York Private Equity is the direct investing arm of asset manager and hedge fund York Capital Management. York Private Equity looks to fund a variety of transaction situations including founders seeking liquidity, consolidations, recapitalizations, and corporate divestitures. Sectors of interest include consumer, business services, financial services, healthcare, and industrials. York Private Equity is based in New York City.


DEAL STATS #
Overall 3 of 10
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 3 of 9
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Bay Clubs

San Francisco, California, United States

Bay Clubs is an operator of luxury health, fitness, and athletic sports club resorts. Bay Clubs was founded in 1977 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Houlihan s Restaurants

Leawood, Kansas, United States

Houlihan's Restaurants is an operates and franchises a system of restaurants specializing in high-quality, moderately-priced food and alcoholic beverages. Houlihan's Restaurants was founded in 1972 and is based in Leawood, Kansas.

Sell -

Seller(S) 1

SELLER

Hub Group

Oak Brook, Illinois, United States

Category Company
Founded 1971
Sector Transportation
Employees5,897
Revenue 4.2B USD (2023)
DESCRIPTION
Entrance to Hub Group's corporate headquarters in Oak Brook, Illinois.
Entrance to Hub Group's corporate headquarters in Oak Brook, Illinois.

Hub Group is an asset-light freight transportation management company providing intermodal, truck brokerage and logistics services. Hub Group was formed in 1971 and is based in Oak Brook, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 Estenson Logistics

Mesa, Alaska, United States

Estenson Logistics LLC is specializing in providing custom designed, technology driven dedicated transportation and logistics services. Estenson embraces a commitment to safety, efficiency, technology and innovation, and prides itself on maintaining superior service levels on a constant and consistent basis.

Buy $306M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 CaseStack

Santa Monica, California, United States

CaseStack, Inc. is a provider of logistics outsourcing services to mid-sized consumer packaged goods companies that sell products to retailers, distributors and other manufacturers.

Buy $225M