Transportation Add-on Acquisitions in 2019
Acquisition Volume in Transportation Add-on in 2019 by Year
Last 5 years
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December 30, 2019
- Buyer
- TIP Trailer Services, I Squared Capital
- Target
- Trailer Wizards
- Industry
- Transportation
- Location
- Canada
- Type
- Addon
TIP Trailer Services, a portfolio company of I Squared Capital, has completed the acquisition of Trailer Wizards, Canada's largest commercial trailer rental and leasing company. The deal will integrate Trailer Wizards with TIP's existing Canadian business, Train Trailer Rentals, expanding TIP's footprint across Canada and strengthening its trailer leasing, rental and maintenance capabilities.
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- Buyer
- Heniff Transportation Systems, Olympus Partners
- Target
- Superior Bulk Logistics
- Industry
- Transportation
- Location
- United States
- Type
- Addon
Heniff Transportation Systems, a platform backed by Olympus Partners, has acquired Superior Bulk Logistics (SBL), which operates Superior Carriers, Inc. and Carry Transit, Inc. The combination creates a larger bulk liquid and dry bulk transportation provider aimed at expanding geographies, service lines and fleet investment to serve chemical manufacturers and food product companies.
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- Buyer
- Lynx FBO Network, The Sterling Group, Stellus Capital Management, LLC
- Target
- FTC FBO
- Seller
- FTC FBO
- Industry
- Transportation
- Location
- New Jersey, United States
- Type
- Addon
Lynx FBO Network, a portfolio company of The Sterling Group, has acquired the assets of FTC FBO and will operate a second full-service FBO at Morristown Airport (MMU) near New York City. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction as Lynx expands its national FBO network.
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October 10, 2019
- Buyer
- ASTI Mobile Robotics Group, Keensight Capital
- Target
- InSystems Automation GmbH
- Industry
- Transportation
- Location
- Berlin, Germany
- Type
- Addon
ASTI Mobile Robotics Group has completed a full acquisition of Germany-based InSystems Automation GmbH, integrating its proANT mobile-robot product line and team. The deal expands ASTI's AGV and mobile robotics portfolio, strengthens its presence in the DACH region and the United States, and increases the group workforce to over 300 employees.
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September 25, 2019
- Buyer
- Transportation Insight, Gryphon Investors
- Target
- The Transportation Specialist's Group, Inc. (TSG)
- Industry
- Transportation
- Location
- Georgia, United States
- Type
- Addon
Transportation Insight, a Gryphon Investors-backed enterprise logistics provider, has acquired The Transportation Specialist's Group (TSG) to strengthen its enterprise logistics leadership and expand its service offering. The deal preserves TSG's Atlanta-area office and leadership engagement to ensure continuity while integrating TSG's technology-enabled transportation management capabilities into Transportation Insight's platform.
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- Buyer
- Area Wide Protective (AWP), The Riverside Company
- Target
- Northern Colorado Traffic Control, Inc.
- Industry
- Transportation
- Location
- Colorado, United States
- Type
- Addon
Area Wide Protective (AWP), a portfolio company of The Riverside Company, has acquired Northern Colorado Traffic Control, Inc. (NCTC) as an add-on to AWP's traffic management platform. The acquisition expands AWP's footprint into the Colorado market while keeping NCTC founder Trish Sandau actively involved.
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July 1, 2019
- Buyer
- A&R Logistics, Wind Point Partners
- Target
- Blue Water Plastic Transport
- Industry
- Transportation
- Location
- Michigan, United States
- Type
- Addon
A&R Logistics, a Wind Point Partners–backed dry bulk logistics operator, has acquired Blue Water Plastic Transport, a St. Clair, Michigan-based provider of specialty dry bulk transportation, logistics and warehousing for the plastics and chemical industries. The add-on expands A&R’s Midwest presence, increases its specialized tractor/trailer fleet and preserves BWP’s operations in St. Clair under A&R's ownership.
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- Buyer
- AVS Verkehrssicherung, Triton Partners
- Target
- Fero Group
- Seller
- Haerens family
- Industry
- Transportation
- Location
- Flanders, Belgium
- Type
- Addon
AVS Verkehrssicherung, a Triton Fund IV company, has agreed to acquire a majority share in Belgium-based Fero Group from the founding Haerens family. Fero is a leading provider of temporary traffic management, road marking and traffic signage with more than 300 employees across multiple locations in Flanders and Wallonia; the transaction strengthens AVS's European footprint in work-zone safety and is subject to regulatory approval.
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May 16, 2019
- Buyer
- GTI Transport Solutions Inc., Novacap
- Target
- Jetco
- Industry
- Transportation
- Location
- Texas, United States
- Type
- Addon
GTI Transport Solutions Inc., a portfolio company of Novacap, has acquired Jetco, a Houston-based trucking and intermodal carrier. The acquisition—advised by Cleary Gull on behalf of Jetco—expands GTI's U.S. footprint, deepens its geographic reach in Texas and establishes a North–South corridor with GTI's Canadian operations; Jetco's CEO Brian Fielkow will remain in place.
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- Buyer
- Chevron Traffic Management Ltd, Triton Partners / Triton Fund IV
- Target
- Traffic Management Services Ltd
- Industry
- Transportation
- Location
- Nottinghamshire, United Kingdom
- Type
- Addon
Chevron Traffic Management Ltd (a Triton Fund IV company) has acquired Traffic Management Services Ltd (TMS). The acquisition brings TMS's low-speed and events traffic management capabilities and three depots in the Midlands and North East into Chevron TM's national platform to support growth and strengthen market position.
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February 21, 2019
- Buyer
- Auxo Investment Partners
- Target
- Andrie LLC
- Seller
- Andrie family
- Industry
- Transportation
- Location
- Michigan, United States
- Type
- Addon
Auxo Investment Partners has acquired a majority stake in Muskegon-based Andrie LLC, a Jones Act bulk transporter operating tugs and barges across the Great Lakes. The investment makes Andrie part of Auxo's newly created Auxo Marine platform alongside M/G Transport Services; financial terms were not disclosed and the Andrie family retains a significant minority stake while Stan Andrie Jr. remains CEO.
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February 4, 2019
- Buyer
- Lynx FBO Network, The Sterling Group
- Target
- World Jet, Inc. (FBO assets at Fort Lauderdale Executive Airport)
- Seller
- World Jet, Inc.
- Industry
- Transportation
- Location
- Florida, United States
- Type
- Addon
Lynx FBO Network, a portfolio company of The Sterling Group, acquired the FBO assets of World Jet, Inc. at Fort Lauderdale Executive Airport (FXE) in Fort Lauderdale, Florida. Lynx — backed by The Sterling Group — plans significant investments including facility refreshes and development of a new FBO terminal as part of its South Florida expansion.
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- Buyer
- Auto Driveaway Franchise Systems, LLC (through J&J Driveaway Systems, LLC), Evanston Partners, LLC
- Target
- J&J Drive-Away, Inc., J&J Freight Brokers, LLC
- Industry
- Transportation
- Location
- Kansas, United States
- Type
- Addon
Auto Driveaway, backed by investors including Evanston Partners, has acquired the assets of J&J Drive-Away, Inc. and J&J Freight Brokers, LLC to expand into the heavy-truck (Class 7 and Class 8) transportation market. The deal brings J&J’s heavy-truck transport and boutique freight-brokerage capabilities into Auto Driveaway’s network (drivers operating in 49 states and parts of Canada for 500+ customers); J&J co-founder Crystal O'Dwyer and VP Kelly Rolfe remain with the business as part-owners.
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