GEODIS Acquires Southern Companies to Expand Drayage and Port Services

May 23, 2023

GEODIS has acquired Southern Companies, a family-owned U.S. drayage provider founded in Miami in 1965 that operates terminals at seven key ports across the Southeast and Gulf. The deal adds more than 80 employees and expands GEODIS' end-to-end supply chain and port operations capabilities in the United States; financial terms were not disclosed.

Buyers
GEODIS
Targets
Southern Companies
Sellers
Southern Companies (founding family; Owner & CEO Jorge Mora)
Location
Florida, United States
Transaction Type
Buyout

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