U.S. MultiModal Group (ARC) Acquires Larry's Cartage

U.S. Multimodal Group (ARC network) Acquires TransONE

July 30, 2021

Logistics & Distribution

U.S. Multimodal Group, the parent company operating the ARC drayage network, has acquired 100% of the stock of TransONE, a Memphis-based intermodal drayage, container storage and equipment maintenance provider. ARC/US Multimodal partnered with ARC Industries and several unnamed minority investors to fold TransONE into its growing platform as the fourth drayage location in the network.

KC Piggyback Holdings Acquires Harbor Division

May 18, 2021

Trucking & Fleet

KC Piggyback Holdings (KCP), a holding company formed by Arc Industries, has acquired the stock of Harbor Division, a Southern California drayage and intermodal equipment storage operator. Coil Partners advised Harbor Division on the sale; the acquisition adds ~27 acres of paved, secure storage and strengthens KCP/Arc’s drayage platform in the Los Angeles / Southern California market.

ArcBest Acquires MoLo Solutions

September 29, 2021

Logistics & Distribution

ArcBest (Nasdaq: ARCB) has entered into a definitive agreement to acquire MoLo Solutions, a Chicago-based truckload freight brokerage, for $235 million in cash with potential additional contingent consideration. The acquisition expands ArcBest's asset-light truckload brokerage capabilities, increases access to carrier partners and shippers, and is expected to be accretive to earnings.

Radiant Logistics Acquires Select Logistics, Inc. and Select Cartage, Inc.

February 7, 2024

Logistics & Distribution

Radiant Logistics, a publicly traded third-party logistics provider based in Renton, Washington, has acquired Select Logistics, Inc. and Select Cartage, Inc., two Doral, Florida–based freight forwarding and cartage businesses that have operated under Radiant's Adcom Worldwide brand since 2007. The transaction includes earnout-based consideration and will see Select transition to the Radiant brand and combine with Radiant's existing South Florida operations, with Gabby Santos named General Manager and co-founder Hector Cavallo departing to pursue other interests.

Canada Cartage Acquires The GTI Group to Enter U.S. Market

November 27, 2023

Logistics & Distribution

Canada Cartage Corporation has entered into a definitive agreement to acquire The GTI Group, a Montreal-based logistics provider offering brokerage, freight management, forwarding, drayage, intermodal, warehousing and specialized heavy/oversize trucking. The deal expands Canada Cartage’s service capabilities and marks its first entry into the U.S. market, with GTI’s U.S. offices in Houston, Des Moines and Franklin, Tennessee; the combined company is expected to generate over C$1 billion in annual revenue.

IMC Logistics Acquires American Pacific Transportation

March 5, 2024

Logistics & Distribution

Memphis-based IMC Logistics has acquired California drayage carrier American Pacific Transportation, adding facilities in Lompoc and Calexico and increasing IMC's drayage truck capacity across California. Financial terms were not disclosed; the deal boosts IMC's presence at West Coast ports and expands its regional truckload and dedicated distribution capabilities.