RXO Completes Acquisition of Coyote Logistics from UPS

GXO Logistics Completes Acquisition of PFSweb

October 23, 2023

Transportation

GXO Logistics, Inc. completed its acquisition of PFSweb, Inc., a tech-enabled eCommerce order fulfillment platform, for $7.50 per share in cash. The deal adds PFSweb’s payments/fraud protection, customer care, and distributed order orchestration capabilities and expands GXO’s exposure to high-growth eCommerce verticals across North America and Europe.

TXO Adds AirWay Group in US Expansion

April 8, 2025

Telecommunications

TXO, a PE-backed global technology lifecycle services platform, has acquired the AirWay Group to expand its North American presence and broaden lifecycle management, staging, logistics, and network engineering capabilities. AirWay — which operates an R2/ISO-certified facility in Hebron, Kentucky and serves more than 250 telecom and broadband customers worldwide — will operate under the AirWay name while integrating with TXO's global platform.

Cox Transportation Services Acquires Outwest Express

December 21, 2022

Transportation

Cox Transportation Services has acquired Outwest Express, a Texas-based truckload carrier specializing in Mexican cross-border logistics, adding more than 400 tractors and 1,200 trailers to Cox's network. The deal was completed alongside a majority recapitalization of Cox led by Expedition Capital Partners and Prudential Private Capital to support continued platform growth.

UPS Acquires MNX Global Logistics (Quad-C Exit)

November 6, 2023

Logistics & Distribution

Quad-C Management has closed the sale of its investment in MNX Global Logistics to UPS. MNX is a U.S.-based time-critical logistics provider focused on life sciences, medical device and healthcare shipments, as well as mission-critical parts and just-in-time industrial and automotive supply chains.

Jones Logistics Acquires Nationwide Express

February 2, 2023

Logistics & Distribution

Jones Logistics (a portfolio company of Jones Capital) has acquired Nationwide Express, a Central Tennessee-based provider of dedicated trucking, warehousing, 3PL, recycling transportation and waste management services. The deal expands JoLo’s geographic footprint across the Southeast and enhances its service offerings (warehousing, intermodal and managed transportation), increasing the combined company's scale and capabilities.

Knight-Swift Acquires UTXL, Inc.

June 1, 2021

Logistics & Distribution

Knight-Swift Transportation Holdings Inc. acquired 100% of UTXL, Inc., a Kansas City-based third-party logistics and truckload brokerage firm, for approximately $22.5 million. The deal expands Knight-Swift’s logistics and brokerage capabilities while preserving UTXL’s brand and independent operations and includes customary working capital adjustments and escrowed/deferred consideration.