Gamut Capital Management and BCI Invest in PS Logistics

Gamut Capital and BCI Acquire PS Logistics as One Equity Partners Exits

October 13, 2021

Logistics & Distribution

One Equity Partners announced it has exited its investment in PS Logistics, the U.S. flatbed transportation and full-service logistics provider headquartered in Birmingham, Alabama. The company was acquired by Gamut Capital Management and British Columbia Investment Management Corporation (BCI) (financial terms not disclosed) after OEP helped scale PS Logistics through 14 add-on acquisitions and strong organic growth.

ATL Partners-Led Group Invests Over $300 Million in Arrive Logistics

April 28, 2021

Transportation

An investor group led by ATL Partners, with co-investors The Baupost Group, British Columbia Investment Management Corporation (BCI), and Temasek, made an investment of more than $300 million in Arrive Logistics, taking a significant minority stake and becoming the company's largest investor. The capital — a mix of primary and secondary equity — will fund Arrive's investment in proprietary technology, new service offerings, geographic expansion (including Canada and Mexico), and team growth.

P&S Transportation (PS Logistics) Acquires Clay's Transport and Clays Logistics

October 31, 2022

Trucking & Fleet

P&S Transportation, a subsidiary of PS Logistics, acquired Clay's Transport, Inc. and its sister brokerage Clays Logistics LLC from Reed Capital Investors and James Waldrop. The deal, which closed October 31, 2022, adds a Mississippi terminal, drivers and freight-brokerage capabilities to PS Logistics' national flatbed and multi-modal network.

PS Logistics Acquires Buddy Moore Trucking

January 8, 2024

Logistics & Distribution

PS Logistics, a privately held transportation and logistics company based in Birmingham, Alabama, has acquired Buddy Moore Trucking, a family-owned Birmingham-based trucking firm. The deal adds BMT's ~130-truck flatbed division, ~120-truck dedicated van division, and non-asset logistics capabilities to PS Logistics' network, expanding flatbed and dedicated dry-van capacity and diversifying modal and service offerings in the Southeastern United States.

BCI and Preservation Capital Partners Invest in BMS Group at £500M Valuation

June 5, 2019

Insurance

British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP) agreed to invest in UK-headquartered insurance broker BMS Group at a valuation of £500 million (USD 636 million). The transaction, expected to close in Q3 2019 subject to regulatory approvals, is a minority/growth investment that leaves BMS management and staff as significant shareholders and supports the firm's continued independent growth.

GHK Capital Partners Acquires ITS Logistics

June 17, 2021

Logistics & Distribution

GHK Capital Partners LP, a Greenwich-based private equity firm, completed the acquisition of ITS Logistics, a U.S. third-party logistics provider. The transaction (terms undisclosed) transfers ownership from McNally Capital and its partners (including Coughlin Capital and the ITS founders) and positions ITS to expand services, invest in technology and physical assets, and grow its North American footprint.