MHS Global and Fortna to Combine to Form Logistics Automation Platform

Thomas H. Lee Partners Recapitalizes Fortna to Accelerate Growth

March 27, 2019

Logistics & Distribution

Fortna, a global distribution automation, engineering services and warehouse software provider based in Reading, Pennsylvania, has entered into a recapitalization agreement with funds affiliated with Thomas H. Lee Partners (THL). The investment will support Fortna's growth strategy, including potential M&A, capability expansion and continued geographic expansion; terms were not disclosed.

Thoma Bravo to Acquire WWEX Group and Combine with Auctane to Create Global Logistics Platform

March 3, 2026

IT Services

Thoma Bravo entered into a definitive agreement to acquire WWEX Group, a parcel and freight third-party logistics provider, and then combine it with its portfolio company Auctane. The combined company is intended to unite shipping software and physical freight brokerage to deliver an AI-enabled end-to-end logistics solution.

Hudson Hill Capital Forms Fusion Transport by Acquiring Majority Stakes in Global Transport Logistics and Am Trans Expedite

June 1, 2019

Logistics & Distribution

Hudson Hill Capital acquired majority stakes in Global Transport Logistics, Inc. (GTLi) and Am Trans Expedite, Inc. and combined them into a new holding company, Fusion Transport LLC, to create a national logistics platform focused on retail consolidation, LTL shipping and multimodal brokerage. The founders and senior executives of both companies retained meaningful equity and continue in leadership roles while Ally Financial provided acquisition financing.

Forward Air to Combine With Omni Logistics (Transaction Later Jeopardized)

August 10, 2023

Transportation

Forward Air Corporation entered into a definitive agreement to combine with Omni Logistics in a cash-and-stock transaction to create a scaled expedited LTL logistics provider. Omni shareholders were to receive $150 million in cash plus Forward stock and preferred stock, with the deal expected to close in the second half of 2023.

Material Handling Systems (MHS) Acquires eMotion Controls Co.

January 23, 2020

Transportation

Material Handling Systems, Inc. (MHS) has acquired eMotion Controls Co., a Grand Rapids, Michigan-based controls system integration and software company. The acquisition is intended to accelerate MHS's Lifecycle Performance Services (LPS) growth by adding controls, software and robotics integration capabilities across parcel sortation, fulfillment and distribution end-markets. Financial terms were not disclosed.

TFI International Acquires Hercules Forwarding

March 11, 2024

Trucking & Fleet

TFI International has acquired Hercules Forwarding, a family-owned Less-Than-Truckload (LTL) carrier that operates a 31-terminal network across the U.S. and Canada. The bolt-on deal strengthens TFI's U.S. LTL footprint and cross-border capabilities by adding Hercules' fleet, terminals and expertise in US–Canada shipments.