Logistics & Distribution Acquisitions in 2021

Becker Logistics LLC acquired Trek Freight Services, LLC effective December 31, 2021. The Lincolnwood, Illinois-based 3PL adds ~125 customers, 25,000+ carriers, 35 employees and Trek's proprietary TMS to Becker's operations as part of Becker's continued growth and capability expansion.

Loup Logistics Company, a wholly owned subsidiary of Union Pacific, acquired the Precision Components Inc. (PCI Reload) transload facility in Phoenix, Arizona, in a deal completed Dec. 30, 2021. The 100+ acre, rail-served facility (125,000 sq. ft. covered storage; three miles of rail capacity) expands Loup/Union Pacific's transload and storage capacity in the Phoenix market and will continue to serve customers across multiple industries.

American Eagle Outfitters (AEO) completed the acquisition of Quiet Logistics for approximately $360 million in cash, making Quiet a wholly‑owned AEO subsidiary. The purchase brings in-market fulfillment centers and fulfillment expertise to AEO to reduce delivery costs, improve inventory positioning, and create a supply‑chain platform AEO can scale for its own brands and third‑party customers.

Atlanta-based private equity firm Crown Capital Investments has acquired Nova Marketing, LLC, a St. Louis-headquartered warehousing, kitting and fulfillment provider. Crown said the deal adds a central U.S. operation to its national warehousing, kitting and fulfillment network and creates synergies with its distribution solutions portfolio.

RoadOne IntermodaLogistics, a portfolio company of Nonantum Capital Partners, has acquired EHS Trucking Enterprises, a regional trucking provider based in Brownstown Township, Michigan. Kreshmore Group advised EHS on the transaction, which closed December 22, 2021; financial terms were not disclosed.

US Service Group (USSG), a Deer Park, New York-based industrial services company, has acquired Transcope Services of Randolph, New Jersey. The acquisition strengthens USSG's presence in the Northeast and expands its rigging, transportation, warehousing and logistics capabilities; Transcope President Mark Elfant will remain on a consulting basis to support growth.

National Convenience Distributors, LLC (NCD) has acquired Century Distributors Inc., a Rockville, Maryland-based full-line wholesale distributor to convenience and grocery stores. Century will join NCD as a newly created division to expand NCD's Mid-Atlantic footprint and realize operational and go-to-market synergies; financial terms were not disclosed.

MWG Holdings Group, Inc. acquired Oz Distribution to add a wholesale cannabis distribution business serving more than 400 California dispensaries. The acquisition vertically integrates Oz's branded products (Royal Tree, Royal Dab, Royal Bud) into MWG's supply chain to expand product reach for MWG's Perfect Union retail locations across California.

Envoy Solutions, a Glenview, Illinois-based distribution platform and subsidiary of FEMSA, has acquired Next-Gen Supply Group, a janitorial supply distributor based in Mansfield, Massachusetts. The acquisition expands Envoy's Northeast footprint, adds Next-Gen's distribution, chemical manufacturing and equipment repair capabilities, and increases the combined platform's operating scale and customer reach.

48forty Solutions has acquired Allegheny Recycled Products, a Pittsburgh-based pallet recycling operator that runs a 500,000 sq. ft. facility handling about 2 million pallets per year. Terms were not disclosed; the acquisition expands 48forty's pallet recycling and reverse-logistics footprint in the Northeastern United States.

Imperial Dade has acquired Garrett Paper, a family-run distributor of foodservice and janitorial products headquartered in St. Louis, Missouri. The deal — terms undisclosed — expands Imperial Dade's regional presence and marks the company's 45th acquisition under CEO Robert Tillis and President Jason Tillis.

UPS has agreed to acquire Italy-headquartered healthcare logistics provider Bomi Group from ARCHIMED's MED Platform I. ARCHIMED, which took Bomi private in 2019, will exit after helping internationalize and grow the business; Bomi's management and founding family will remain in place following the transaction.

ID Logistics has completed the acquisition of 100% of GVT Transport & Logistics, the transport and logistics division of GVT Group of Logistics, strengthening its Benelux footprint. GVT operates 12 sites (headquartered in Tilburg, Netherlands), employs more than 750 people, rents ~200,000 m² of warehouses and runs a fleet of 285 trucks, serving mainly international electronics and non-food retail customers.

AmpliTech Group, Inc. (NASDAQ: AMPG) has executed a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials, Inc., a San Jose–based authorized distributor of semiconductor components. The deal (approximately $8.0M cash plus $1.5M escrow and restricted shares) nearly triples AmpliTech's revenue base, adds a global distribution platform and a record combined order backlog of $11.4M, and is intended to accelerate commercialization of AmpliTech's MMIC chip solutions.

LongueVue Capital, a New Orleans-based private equity firm, has recapitalized Wagner Logistics and provided growth capital to support the 3PL's continued expansion. Wagner Logistics, headquartered in North Kansas City, Missouri, operates 24 facilities across 13 states with over 7 million square feet of warehouse space and 650+ employees, serving customers across industries including aerospace & defense, automotive and direct-to-consumer.

DCC Technology, trading as Exertis, has acquired Almo Corporation in what DCC plc described as its largest transaction to date. The acquisition expands Exertis' Pro AV and consumer appliance distribution capabilities in North America, adding Almo's 660 employees, nine distribution centers and more than 2.5 million square feet of warehousing to Exertis' operations.

Quad-C Management has recapitalized and purchased MNX Global Logistics from Audax Private Equity, with terms not disclosed. MNX, headquartered in Long Beach, California, will continue to be led by CEO John Labrie and his senior team while Quad-C looks to broaden service offerings, pursue strategic acquisitions, and accelerate organic growth across industry verticals and geographies.

Ryder System, Inc. has entered into a definitive agreement to acquire Whiplash, a City of Industry, California-based omnichannel e-commerce fulfillment and logistics provider, for approximately $480 million in cash. The acquisition expands Ryder's e-commerce and omnichannel fulfillment network (adding 19 warehouses and ~7 million square feet), is expected to be accretive, and aims to integrate Whiplash's technology, operations, and team to accelerate capability and geographic coverage.

GlacierPoint Enterprises, a portfolio company of Mill Point Capital and parent of E&M Logistics, has partnered with Jack & Jill, a third-generation family-owned direct store delivery (DSD) distributor headquartered in Moorestown, New Jersey. The deal brings Jack & Jill into the GlacierPoint/E&M platform, expands the combined company's footprint from the New York metro into the Mid-Atlantic corridor, and strengthens relationships with key customers and suppliers.

Global Critical Logistics (GCL), a portfolio company of ATL Partners, has acquired Dynamic International Freight Services and Dynamic Dox (the Dynamic Group), a UK-based provider of film & TV production logistics. The Dynamic Group will continue to operate under Founder & CEO Tony Scott as a separate brand within GCL to expand GCL's presence and capabilities in the fast-growing film & TV logistics market; terms were not disclosed.

CMA CGM Group has signed an agreement to acquire most of Ingram Micro's Commerce & Lifecycle Services (CLS) business, including the Shipwire order-fulfillment platform, for an enterprise value of USD 3.0 billion. The transaction will be integrated with CMA CGM's subsidiary CEVA Logistics to bolster the group's contract-logistics and eCommerce capabilities, particularly across the U.S. and Europe; the CLS business reported approximately $1.7 billion revenue and ~11,500 employees in 2021.

Arcus Infrastructure Partners, through Arcus European Infrastructure Fund 2 (AEIF2), has acquired 100% of HB Returnable Transport Solutions from existing shareholders including Mentha. HB, a Welsum-based provider of rental, washing and integrated logistics for returnable transport items (RTIs) serving the Dutch food & beverage supply chain, will see senior management reinvest alongside the Fund to support future growth and capability expansion.

Radiant Logistics, Inc. (NYSE American: RLGT) acquired all outstanding stock of Navegate, Inc., a Mendota Heights, Minnesota-based technology-enabled logistics and supply chain management company, in a transaction that closed December 3, 2021. The deal (reported at $35 million) expands Radiant's international services footprint—including customs brokerage, ocean forwarding and drayage—and adds Navegate's cloud-based global trade management platform to Radiant's network.

American Pacific Group (APG) has acquired Fellers, Inc., the world's largest vehicle wrap distributor headquartered in Tulsa, Oklahoma. APG partnered with financing sources Platinum Equity and Angelo Gordon to complete the transaction; Bridgepoint Investment Banking served as exclusive financial advisor to Fellers. Fellers CEO Tom Brophy will remain in his role following the sale.

Imperial Dade, a Bain Capital-backed distributor of foodservice packaging and janitorial supplies, has acquired American Paper & Twine (APT), a Nashville-based distributor of janitorial, packaging, food service and office products. The transaction is an add-on to Imperial Dade's platform that strengthens its presence in the Southeast; financial terms were not disclosed.

Seacoast Capital provided $20 million of subordinated debt and preferred equity to Lone Star Overnight (LSO) in a non-control growth capital investment to buy out a minority shareholder, refinance part of existing debt, and support near-term growth. LSO is a regional parcel delivery provider headquartered in Austin, Texas with a multi-state network of operating locations serving both B2B and B2C customers.

PT Holdings, LLC has acquired Duffy's AIS and added it to the PT Holdings Service division to expand distribution and field-service capabilities for genuine OEM foodservice and appliance parts. Duffy's AIS — formed in 2018 from several long-running local service brands — will continue to operate as a distinct company led by Patrick Duffy and Wayne Stoutner while leveraging PT Holdings' Parts Town network and resources.

An affiliate of H.I.G. Capital has acquired a majority stake in Grupo Ransa, a leading third-party logistics (3PL) operator headquartered in Peru. Grupo Romero will remain a strategic partner and Ransa's existing management team, led by CEO Paolo Sacchi, will continue to run the business; financial terms were not disclosed.

Pallet Logistics of America (PLA), a portfolio company of Silver Oak Services Partners, has acquired Pal-Serv, a pallet recycler and logistics provider with four pallet management facilities in the United States. The deal expands PLA's pallet repair, remanufacturing, brokerage and nationwide logistics capabilities and further grows the PE-backed platform's operating footprint.

Transport Investments, Inc. (a transportation platform backed by Gemspring Capital) has invested in US Logistics, LLC and Nationwide Logistics, LLC (together, USLN), a Cincinnati-based specialty freight brokerage group. The deal brings USLN's agent network and specialty freight brokerage capabilities into Transport's heavy-haul, flatbed, and specialized transportation platform as an add-on to support growth and expanded service offerings.

An affiliate of private equity firm The Jordan Company completed the acquisition of Echo Global Logistics, Inc. for $48.25 per share in cash, taking the Chicago-based logistics provider private and suspending its Nasdaq trading. The Jordan Company said it will partner with Echo’s management to invest in the company’s technology and accelerate its long-term growth strategy.

STG Logistics, a Wind Point Partners portfolio company, has acquired International Warehouse Services, Inc. (IWS), a Port Everglades-based provider of warehousing, trucking, brokerage, customs clearance and distribution services. The acquisition expands STG's footprint into the Port Everglades / Fort Lauderdale market and adds customs examination station and USDA inspection capabilities to STG's platform.

Envoy Solutions, a Glenview, Illinois–based specialty distribution platform, has agreed to acquire Johnston Paper Company, a family-owned distributor in Auburn, New York that serves the foodservice and janitorial (Jan-San) markets. The deal expands Envoy Solutions' footprint in the Northeast and is expected to close in Q4 2021, bringing Johnston’s ~130 employees into Envoy’s national distribution network.

AIT Worldwide Logistics has agreed to acquire New York–based Select Express & Logistics, a national final-mile 3PL specializing in white-glove delivery and assembly of big and bulky goods. The deal, which is an add-on to AIT (a portfolio company of The Jordan Company), expands AIT's end-to-end import-to-door capabilities and final-mile assembly capacity; LongueVue Capital exits Select as part of the transaction.

Sentinel Capital Partners has acquired Empire Auto Parts, a Totowa, New Jersey–headquartered specialty distributor of aftermarket collision parts operating a hub-and-spoke network across the U.S. East Coast. The transaction, effective mid-November 2021, represents an exit for seller Tenex Capital Partners II (Tenex Capital Management); financial terms were not disclosed.

Pantero, a family-owned packaging and warehouse supply company based in Troy, Michigan, has acquired Ampro Material Handling, a Detroit-area racking and material handling supplier founded in 1969. The deal expands Pantero's material handling capabilities—adding pallet racking, mezzanines, custom fabrication and installation services—to offer more comprehensive warehouse solutions to its customers.

HC Private Investments (HCPI) announced a strategic growth investment in Customized Distribution LLC (CDI), a Norcross, Georgia-based dedicated logistics and distribution provider serving the quick service restaurant (QSR) industry. Proceeds will fund geographic expansion and a digital transformation into a technology-led logistics, with industry veteran Dick DiStasio joining CDI as Chairman and CEO; founder Marc Gruber transitions to an advisory role.

Pamplona Capital Management has acquired BFG Supply, a technology-enabled distributor serving the green industry, from Incline Equity Partners. Headquartered in Burton, Ohio, BFG distributes products across professional horticulture, lawn & garden, hydroponics and controlled environment agriculture and will look to grow organically and via acquisitions under Pamplona's ownership.

DoorDash has agreed to acquire Helsinki-based food delivery platform Wolt in an all-stock transaction valued at approximately EUR 7 billion, subject to regulatory approval. As part of the deal, EQT Ventures and EQT Growth will exit their holdings in Wolt and receive DoorDash shares. Wolt operates in 23 countries, employs over 4,000 people, and the acquisition significantly expands DoorDash's international presence and last-mile logistics footprint.

An affiliate of H.I.G. Capital has acquired BECO Holding Company, Inc. from Behrman Capital; financial terms were not disclosed. BECO, headquartered in Charlotte, North Carolina, operates 16 distribution centers and provides fire suppression, life safety and kitchen system products and services; the company's leadership will remain with a significant ownership stake in the recapitalized business.

Leonard Green & Partners has made a significant growth investment in Parts Town in a recapitalization in which existing investor Berkshire Partners retained its majority stake and reinvested alongside management. The capital will be used to accelerate Parts Town's technology, supply chain and e-commerce capabilities and support rapid international expansion and entry into adjacent parts categories.

ShipHero has acquired Golden Egg Solutions, an e-commerce fulfillment and packaging provider based in Salt Lake City, Utah. The acquisition gives ShipHero a strategically located warehouse in the Northwestern U.S. and adds capabilities including HazMat handling, packaging, drop-shipping and white-label supplement procurement for its fulfillment and 3PL clients.

CMA CGM has agreed to acquire Fenix Marine Services from the EQT Infrastructure III fund for an enterprise value of USD 2.3 billion. Fenix operates one of the largest container terminals at the Port of Los Angeles (handling ~2.3 million TEUs annually and ~145 employees); the deal is expected to close subject to regulatory approvals.

Customs Support Group, a Castik Capital-backed European customs services platform, has acquired Balimpex, a Swiss customs clearance specialist. The deal expands Customs Support's geographic footprint into Switzerland and strengthens its cross-border customs offering at key Swiss-German and Swiss-French border crossings.

Imperial Dade has acquired Nichols Paper & Supply, a Norton Shores, Michigan-based distributor of janitorial supplies and industrial packaging. The transaction — Imperial Dade's 43rd acquisition — expands the company's Midwest presence and integrates Nichols into Imperial Dade's national distribution platform; financial terms were not disclosed.

Vertical Cold Storage, a Platform Ventures‑sponsored developer and operator of temperature‑controlled distribution centers, has acquired Liberty Cold Storage in Bolingbrook, Illinois from West Liberty Foods. The deal—terms not disclosed—gives Vertical Cold a nearly 300,000 sq. ft. facility with intermodal access and strengthens its plan to build a national cold storage footprint while West Liberty Foods will remain a major customer.

Ryder System, Inc. has acquired all outstanding equity of Midwest Warehouse & Distribution System, a Woodridge, Illinois–based 3PL that operates 17 multi-client and dedicated warehouses totaling about seven million square feet and a company-owned truck fleet. The acquisition, completed Nov. 1, 2021, expands Ryder's multi-client warehousing capability in the Chicago distribution hub and is expected to add roughly $135 million of annual revenue in 2022.

Golden Gate Capital has completed a recapitalization of All My Sons Moving & Storage, partnering with founder and CEO Robert Peterson who will remain a significant shareholder and continue to lead the company from Carrollton, Texas. The transaction will support All My Sons' growth plans — the company operates ~75 locations across 29 states and will pursue new market entry and expansion into adjacent categories with Golden Gate’s support; financial terms were not disclosed.

ShipHero has acquired Cargo Cove Fulfillment, a Jacksonville, Florida-based full-service e-commerce logistics and fulfillment provider. The deal integrates Cargo Cove's fulfillment, picking/packing, inventory management and returns services (which serve over 50 e-commerce brands and have shipped over one million orders) into ShipHero's fulfillment network to expand its southeastern U.S. footprint and strengthen its fulfillment capabilities following a $50 million financing round.

Alliance Ground International (AGI) has acquired MIC Cargo (Maestro), a Chicago-based air cargo and ground handling operator at Chicago O'Hare (ORD). The deal expands AGI's warehouse footprint and aircraft parking capacity at ORD — including Maestro's WHO‑GDP certified cold‑chain pharmaceutical capabilities — as AGI grows its North American air cargo and below‑the‑wing services.