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

PS Logistics' Blair Logistics Acquires Fluker Transportation

November 11, 2024

Trucking & Fleet

PS Logistics announced that its subsidiary Blair Logistics has acquired Fluker Transportation, a founder-owned flatbed and heavy-haul trucking company based in Hammond, Louisiana. The acquisition will fold Fluker into Blair Logistics to expand flatbed/heavy-haul capacity and geographic coverage across the southeastern United States; financial terms were not disclosed.

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.

Hapag-Lloyd Acquires Stake in J M Baxi Ports & Logistics from Bain Capital Private Equity Affiliate

January 25, 2023

Logistics & Distribution

German shipping company Hapag-Lloyd has acquired the stake in Indian maritime logistics provider J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. The sale, whose financial terms were not disclosed, transfers ownership following Bain's two-year investment that expanded J M Baxi's port capacity and logistics footprint across India. The transaction is subject to regulatory approvals.

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.

Gamut Capital Management and BCI Invest in PS Logistics

June 25, 2021

Trucking & Fleet

Gamut Capital Management, in partnership with British Columbia Investment Management Corporation (BCI), signed a definitive agreement to invest in PS Logistics. The capital and strategic partnership will support PS Logistics — a Birmingham, Alabama-based flatbed transportation and logistics provider — to accelerate growth, expand capabilities and scale its asset- and broker-based platform across the continental United States. Financial terms were not disclosed.

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.