Logistics & Distribution Acquisitions in 2025

Freedom Pet Supplies, a Novacap portfolio company, has acquired Trueman Distribution Ltd., a long-standing pet products distributor headquartered in Calgary, Alberta. The add-on purchase gives Freedom Pet a Western Canada hub as part of its strategy to build a truly national distribution network across Canada.

Copley Equity Partners has acquired Vital Delivery Solutions, a New England provider of healthcare logistics, same-day courier, and temperature-controlled warehousing services. Financial terms were not disclosed; VDS will continue operating under its brand with management in place while leveraging Copley’s resources to expand service offerings and geographic coverage.

Rev Delivery, a founder-led hyperlocal campus delivery operator, has acquired YC-backed Duffl, combining Duffl's early scale, brand and data with Rev's rapid growth and operating team. The deal unifies two campus-focused delivery networks to accelerate expansion of licensed, student-run delivery hubs and compound operational learnings across hundreds of planned new stores.

Slate Asset Management and Hamilton Lane, with co-investor support from GFH Partners, acquired a majority equity stake in Cold-Link Logistics, a North American cold storage and temperature-controlled logistics platform. Cold-Link’s founders and management will retain a meaningful ownership stake and continue to lead the company as Slate and Hamilton Lane provide capital and asset-management resources to support the company’s growth across the U.S.

Mimeo Ltd., a subsidiary of US-based Mimeo.com, Inc., has acquired KnowledgePoint Print Services Ltd (KPPS), a Reading-based provider of training courseware printing, distribution, and logistics. The acquisition strengthens Mimeo's presence in the UK and Europe and expands its capabilities and customer base in learning & development, enterprise training, and government sectors.

Alliance Solution Group, a Novacap portfolio company, has acquired Intramodal Warehouses to expand its warehousing footprint in Quebec. The add-on expands Alliance’s food-grade warehousing capacity (over 500,000 sq. ft. on the Island of Montreal) and creates operational synergies with Alliance’s IntraPAK repackaging division to better serve food and beverage customers across Canada.

RPM Freight Systems has acquired Professional Automotive Relocation Services (PARS), combining RPM's finished-vehicle logistics platform with PARS' fleet relocation and lifecycle services. The deal, backed by RPM investors Trive Capital and Bluejay Capital, expands RPM's service portfolio to include driveaway, vehicle storage, titling and registration; terms were not disclosed.

Delaware Valley Floral Group, LLC (DVFG) has acquired Arnie's International Flowers, a wholesale floral supplier based in Buffalo, New York. The acquisition expands DVFG's delivery service in Upstate New York — enabling five-day-per-week delivery to Buffalo and Rochester — and strengthens its regional distribution footprint for florists, event designers and mass-market floral customers.

Main Street Capital Corporation invested $27.2 million (first-lien senior secured term debt plus a minority equity stake) in The Nearshore Company to support TNC’s acquisition of the Carmi Companies. The combination brings together TNC’s Mexico-based turnkey manufacturing and warehousing services with Carmi’s transportation, logistics and customs clearance capabilities to create an end-to-end cross-border operations platform.

Trax Technologies, a global freight audit and payment platform backed by Strattam Capital, has acquired EM6, a Europe-headquartered freight audit provider. The acquisition expands Trax's coverage and capabilities across Europe, bringing EM6's regional expertise and customers onto Trax's AI-powered Prizma.ai platform.

LRT Group has acquired Xpress Global Systems (XGS), a Chattanooga-based logistics provider focused on flooring distribution and LTL services. The acquisition is intended to strengthen LRT Group’s less‑than‑truckload (LTL) capabilities and expand XGS’s geographic coverage and service levels, particularly into the Southeast.

The Integration Group (TIG), a portfolio company of Maxwell Street Capital Partners, has acquired North American Warehousing Company (NAWC), a Chicago-area provider of specialized warehousing and hazardous materials handling, blending, and container filling. The add-on expands TIG's Midwest footprint and adds regulated, high-value logistics capabilities that complement prior acquisitions (PDM and Matrix Management).

BlueGrace Logistics, a Warburg Pincus–backed 3PL, has acquired STB Freight Group, a Northville, Michigan–based managed logistics and trucking provider. The deal expands BlueGrace's Midwest footprint and brings STB customers access to BlueGrace's managed logistics platform, multimodal services, and proprietary optimization technology.

Total Sand Solution (TSS), a Fort Worth–based proppant logistics provider, has acquired Midland, Texas–based Sand Revolution, a last-mile proppant trucking and delivery specialist. The deal expands TSS's geographic footprint and market share across the Permian and Eagle Ford Basins and brings Sand Revolution's last-mile capabilities and management team (including CEO Greg Lanham) into TSS's senior leadership.

Stolt-Nielsen Limited has completed the acquisition of UK-headquartered ISO tank operator Suttons International Holdings Limited, making Suttons a 100% owned subsidiary. The deal adds over 11,000 ISO tank containers to Stolt-Nielsen's Stolt Tank Containers (STC) business, expanding fleet capacity, service capability and global market reach for liquid logistics customers.

Advanced Intralogistics, a Fort Worth-based warehouse automation and robotics integrator, has acquired key assets of Anchor Technical Services to expand its maintenance and facility services capabilities. The deal broadens Advanced Intralogistics' service footprint across additional states, more than doubles its workforce, and integrates preventive, repair and predictive maintenance into its end-to-end automation offerings. Financial terms were not disclosed.

Chicago-based private equity firm Wind Point Partners has acquired Buske Lines Inc., a contract warehousing and supply chain services provider serving food, beverage and CPG customers. Wind Point is partnering with Buske management (led by CEO Nick Heinz), which retains a meaningful ownership stake, to invest in technology, infrastructure and organic and M&A-driven growth across the company’s 37 facilities in the U.S. and Canada.

Nexa Equity, a San Francisco-based private equity firm, has made a strategic growth investment in Cedar AI, an AI-powered transportation management system serving railroads and rail shippers. The investment will support Cedar AI’s product development and commercial expansion from its headquarters in Seattle, Washington.

FleetPride and TruckPro have completed a merger to form the largest independent distributor and service provider in the heavy‑duty aftermarket, with the combined company operating under the FleetPride name and jointly owned by American Securities and Platinum Equity. The combined business will operate more than 450 locations (110+ service centers) and six distribution hubs across the U.S. and Canada, aiming to expand parts availability, service capacity and digital/ecommerce capabilities.

Rubicon Technology, Inc. (OTCQB: RBCN) has completed the acquisition of Janel Group LLC from Janel Corporation (OTCQX: JANL), making Janel Group a wholly owned subsidiary of Rubicon. The transaction was effected in exchange for 7,000,000 shares of Rubicon common stock, with Rubicon assuming approximately $23 million of Janel Group indebtedness and gaining access to $35 million in borrowing capacity; Janel Group (Garden City, New York) reported approximately $181.3 million of revenue for the 12 months ended June 30, 2025.

Peli BioThermal, a Platinum Equity‑backed temperature‑controlled logistics provider, acquired the Evo portfolio (SAVSU Cleo Technologies, LLC) from BioLife Solutions for $25.5 million in cash (subject to adjustments). The add‑on expands Peli BioThermal’s cryogenic and cold‑chain offerings—including the evoIS platform—and preserves the Bruce Township, Michigan operations to support Cell & Gene Therapy and pharmaceutical customers.

Endeavour and CoPilot Global Logistics completed a majority investment in Mallory Alexander, with members of the Mallory family retaining an ownership stake. Mallory Alexander will serve as the foundational operating company for a planned scaled global logistics platform, with initial priorities including investments in visibility systems, workforce training, safety programs, and targeted acquisitions to expand capabilities and geographic reach.

Ingka Investments, the investment arm of Ingka Group (IKEA's largest retailer), has acquired Locus, an AI-powered logistics technology company headquartered in the United States. The purchase brings Locus's route-optimization, real-time tracking and TMS capabilities in-house to strengthen IKEA's home delivery, capacity management and last-mile execution while allowing Locus to remain operationally independent and continue serving other enterprise customers.

Monomoy Capital Partners portfolio company Thetford Corporation has acquired Dave Carter & Associates, a national distributor of electrical, plumbing and building supplies serving the RV and manufactured housing industries. The add-on acquisition (DCA operates 11 distribution centers and is headquartered in Ocala, Florida) nearly doubles Thetford's North American distribution footprint and expands its reach into the manufactured housing sector.

R2X, LLC dba Ready-2-Xecute, an expedited third-party logistics provider based in Indianapolis, has acquired Dedicated Carriers, Inc., a multimodal OTR 3PL headquartered in Tampa, Florida. The deal, advised by Ridgefield Partners, brings together two customer-focused logistics teams and will expand Ready-2-Xecute's presence in Tampa to better support clients and employees.

Houston-based private equity firm Double Barrel Capital completed a majority recapitalization of Memphis-based third-party logistics provider Envoy Source, LLC, with the transaction closing on August 15, 2025. The recapitalization positions Envoy to scale its high-value packaging, fulfillment, and serialized inventory management capabilities and pursue growth under DBC’s support.

BWT Logistics, a portfolio company of Argosy Private Equity and Bluejay Capital Partners, has acquired RAZR Logistics from parent Johnson Storage & Moving. The acquisition expands BWT's dedicated logistics, on-demand warehousing capabilities and warehouse network, adding RAZR's more than 500 corporate customers; terms were not disclosed.

Customs Support Group (CSG) has acquired DOJÖ Consulting Group to strengthen its trade compliance advisory and customs compliance outsourcing capabilities. The deal expands CSG’s advisory footprint across Europe, creating a combined Trade Advisory Division of more than 80 consultants and launching a dedicated European Classification Hub to enhance HS classification and trade compliance services.

Logistics Plus, Inc. has acquired LoadDelivered Logistics, a Chicago-based freight brokerage, to enhance its North American transportation management capabilities. LoadDelivered will continue operating under its legacy brand while integrating with Logistics Plus's North American Division to provide expanded coverage, technology and back-office synergies.

RD Last Mile Holdings, LLC (doing business as ADL Final Mile), a final-mile delivery platform backed by Red Dog Equity, Monroe Capital and The Pritzker Organization, has acquired DMC Logistics, a regional final-mile and customized logistics provider serving the Southwest U.S. The acquisition expands ADL Final Mile's footprint in the Southwest (adding DMC’s service area across New Mexico, Arizona, Colorado, Nevada, Texas and Utah) as an add-on to its growing platform.

FitzMark LLC, a Calera Capital‑backed third‑party logistics provider headquartered in Indianapolis, acquired Hometown Logistics LLC, a truckload transportation services provider based in Indianapolis, on September 2, 2025. The add‑on deal expands FitzMark’s dry van and flatbed offerings and brings Hometown’s leadership and ~100+ employees into the FitzMark platform; financial terms were not disclosed.

Watco Logistics has acquired Colossal Transport Solutions, a Spring, Texas-based specialist in over-dimensional and heavy-haul project cargo. The acquisition (closed Sept. 2, 2025) expands Watco's multimodal project cargo and heavy-lift capabilities; Colossal has about 24 employees and financial terms were not disclosed.

Overhaul, an Austin-based in-transit supply chain risk management platform, raised $105 million in a Series C round led by Springcoast Partners with participation from Edison Partners and Morgan Stanley Investment Management's 1GT strategy. The financing (and an accompanying debt facility with MidCap Financial) will fund platform innovation, AI-driven capabilities, and a strategic acquisition roadmap to expand Overhaul's real-time supply chain risk and inventory intelligence offerings.

Highway, a Carrier Identity platform for freight brokers, received a strategic minority growth equity investment led by FTV Capital with participation from Lead Edge Capital. The capital will be used to accelerate product diversification, expand go-to-market efforts, and scale Highway's Carrier Identity solutions across the freight broker ecosystem.

Blue Yonder has acquired Optoro, a U.S.-based returns management technology provider, to strengthen and extend its end-to-end returns management capabilities across warehouse and in-store processes. The deal integrates Optoro's recommerce and dispositioning technology into Blue Yonder's AI-driven supply chain platform to improve efficiency, reduce waste, and expand offerings for retailers, brands and logistics service providers.

Overhaul, the Austin-based in‑transit supply chain risk management platform, has acquired FreightVerify, an Ann Arbor-based end-to-end supply chain visibility provider known for SKU- and part-level tracking. The acquisition combines Overhaul's real-time risk mitigation and monitoring capabilities with FreightVerify's precision visibility to deliver deeper inventory control and proactive response for high-consequence cargo across automotive, healthcare, high-tech and consumer markets.

Echo Global Logistics has acquired FreightSaver, a Huntington Beach–based third-party logistics (3PL) provider that offers freight brokerage, managed transportation, and tech-enabled freight solutions. The acquisition expands Echo's managed transportation capabilities and geographic footprint across North America; terms were not disclosed.

Mantucket Capital Management Corporation, a Denver-based private investment firm and family office, has acquired Turbo Terminal Tractors, a Gainesville, Georgia-based provider of sales, leasing, rental, and service for terminal tractors used at warehouses, distribution centers and ports. The seller was an affiliated entity of Syfan Logistics; Mantucket said it will support Turbo's nationwide fleet, service capabilities and growth plans.

FirstMile, ACI Logistix and Sendle have merged to operate as a unified holding company called FAST Group, with the transaction backed by an investment from Federation Asset Management. The combination creates an integrated logistics ecosystem—headquartered in California—that combines FirstMile's first-mile pickup network, ACI Logistix's enterprise-grade sortation and distribution capabilities, and Sendle's tech-enabled parcel services for small businesses and international markets.

Fenix Parent LLC (operating as Fenix Parts), a Stellex Capital-backed auto recycler and OEM parts reseller, has acquired Grade A Auto Parts, a Louisville, Kentucky-based automotive recycling and parts reseller with locations across the Midwest and Central U.S. The deal expands Fenix's geographic footprint and distribution capabilities in Kentucky, Missouri, Ohio, Tennessee and Indiana and adds Grade A CEO Sean Garber to the Fenix board.

PrimeFlight Aviation Services, a portfolio company of The Sterling Group and Capitol Meridian Partners, has acquired StratAir’s cargo handling operations at Miami International Airport (MIA), Richmond International Airport (RIC), and Luis Muñoz Marín International Airport (SJU). The deal expands PrimeFlight’s cargo handling footprint and capacity—adding StratAir’s facilities (including a 120,000 sq. ft. third‑party handling complex at MIA) and experienced personnel to PrimeFlight’s growing global cargo network.

WillScot Mobile Mini has acquired Portabull Cold Storage, a provider of portable cold storage solutions and a portfolio company of Jones Capital. The acquisition expands WillScot’s portable storage and cold-chain capabilities to better serve customers across food & beverage, healthcare, pharmaceuticals and industrial end markets nationwide.

The Integration Group (TIG), a Maxwell Street Capital Partners portfolio company, has acquired Chicago-based Matrix Management to expand its aftermarket assembly, kitting, and e-commerce fulfillment capabilities. The deal is an add-on to TIG's buy-and-build strategy to broaden end-to-end aftermarket supply-chain services for OEMs and distributed dealer networks across agriculture, construction, lawn-and-garden and industrial markets.

St. Louis-based private equity firm Compass Group Equity Partners has partnered with Tampa-based The Illuminate Group, a cold chain design, testing and passive packaging provider focused on last-mile pharmaceutical logistics. Compass will provide capital and operational support to expand Illuminate’s R&D and testing capacity, double office/testing space, build out ERP and sales capabilities, and accelerate product development and market expansion.

Cognosos has acquired Cox 2M (including the GearTrack product line) from Cox Communications to deepen its AI-driven real-time location and asset visibility capabilities. The deal brings vehicle telemetry, LTE/LoRa-compatible sensors and IoT engineering talent into Cognosos, expanding its reach across automotive, healthcare and logistics end markets.

Carr's Hill Capital Partners completed a majority recapitalization of TCI Tank Logistics, LLC (doing business as Freedom Intermodal) in partnership with company management and The Jensen Companies. Freedom Intermodal, based in New Orleans, provides ISO tank and rail services, transloading, depot services and bulk liquids logistics across Gulf Coast ports; Carr's Hill will invest in people, systems, equipment and pursue organic growth and strategic add-on acquisitions to expand the business.

Rent-A-Container, a Kinderhook Industries portfolio company, has acquired The Eagle Leasing Company, a family-owned provider of portable storage containers, semi-trailers and ground level offices in the Northeast U.S. The deal expands RAC's geographic footprint and operating scale, creating one of the largest independent portable storage and GLO leasing networks in the Eastern United States.

AFC Industries, a PE-backed industrial distributor, has acquired Cavanaugh Government Group, a Chicago-area supplier specializing in parts and logistics for military and defense applications. The acquisition expands AFC’s aerospace and defense capabilities and adds vendor-managed inventory and government-focused distribution expertise to its platform; terms were not disclosed.

T. Parker Host has acquired Transmarine Navigation Corporation, combining two leading U.S. ship agencies to create the nation's largest tramp ship agency and expanding HOST's footprint into the Pacific Coast and Hawaii. The deal brings Transmarine’s long-standing West Coast and Hawaii operations under HOST’s national infrastructure, technology and terminal capabilities to enhance service offerings and geographic coverage.

Triton International Limited completed the acquisition of Global Container International LLC (GCI), integrating GCI's approximately 500,000 TEU container fleet and long-term lease portfolio into Triton. The seller was Wafra (and other selling shareholders), and the deal expands Triton's scale and leasing capabilities in the global container market.