A.P. Moller–Maersk Acquires Pilot Freight Services
February 9, 2022
A.P. Moller–Maersk (Maersk) completed its acquisition of Pilot Freight Services, a U.S.-based first-, middle- and last-mile logistics provider focused on big and bulky shipments. The deal, valued at about $1.68 billion enterprise value (USD 1.8bn post IFRS-16 lease liabilities), will rebrand Pilot as “Pilot – A Maersk Company” and expand Maersk’s North America landside logistics footprint.
- Buyers
- A.P. Moller–Maersk
- Targets
- Pilot Freight Services
- Sellers
- ATL Partners, British Columbia Investment Management Corporation (BCI)
- Industry
- Transportation
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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