M&A Deal Summary

ZS Fund Acquires iTN Worldwide

On July 26, 2016, private equity firm ZS Fund acquired transportation company iTN Worldwide

Acquisition Highlights
  • This is ZS Fund’s 3rd transaction in the Transportation sector.
  • This is ZS Fund’s 11th transaction in the United States.
  • This is ZS Fund’s 2nd transaction in Florida.

M&A Deal Summary
Date 2016-07-26
Target iTN Worldwide
Sector Transportation
Buyer(s) ZS Fund
Deal Type Buyout (LBO, MBO, MBI)

Target

iTN Worldwide

Doral, Florida, United States
iTN Worldwide provides a robust offering of basic transportation services for domestic and international commerce. The company products are neutral NVOCC services, freight management services, specialized industry sector services, and e-commerce logistics. iTN Worldwide was formed in 1991 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

ZS Fund

New York, New York, United States
Category Private Equity Firm
Founded 1985
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ZS Fund L.P. is a private equity firm engaged in making long-term investments in established middle-market companies. The firm focuses on transactions that provide liquidity to business owners while enabling them to maintain a significant ownership stake and keep their company independent. ZS pursues privately-held, closely-held, or publicly-traded companies that have a high return on capital relative to industry peers. The firm targets companies with an annual operating profit of at least $4 million. ZS Fund L.P. was founded in 1985 and is based in New York City.

DEAL STATS #
Overall 11 of 12
Sector (Transportation) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Florida) 2 of 3
Country (United States) 11 of 12
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Amerijet International

Miami, Florida, United States

Amerijet International. is a provider of air cargo and logistics solutions to and from the U.S. and the Caribbean, Mexico, and Latin America. The Company specializes in shipping time-sensitive, perishable, oversized, hazardous, and highly configured products through both regularly scheduled and chartered flights. Amerijet International was founded in 1974 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-10 Juniper

Fort Myers, Florida, United States

Juniper is a growing commercial landscaping platform providing a full suite of installation and maintenance services to homeowners’ associations, commercial, government, and a variety of other clients. Juniper was founded in 2003 and is based in Fort Myers, Florida.

Buy -
Mergr

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