Logistics & Distribution Acquisitions in Arizona

RD Last Mile Holdings, LLC (doing business as ADL Final Mile) has acquired Xcel Delivery Services, a Tucson-based final mile and customized logistics provider operating in Arizona and the Southwestern U.S. The deal — backed by Red Dog Equity, Monroe Capital and The Pritzker Organization — brings Xcel's leadership into ADL's Southwest network to expand capacity and service capabilities.

RK Logistics Group acquired a 79,000 square-foot climate-controlled warehouse and related assets (including freight contracts and a modest fleet) from Tempe-based Southwest Supply Chain Solutions, expanding RK's footprint in the greater Phoenix metro. The move positions RK to support growing semiconductor and EV battery manufacturing in Arizona and brings RK's full suite of warehousing, expedited transportation and technology-enabled logistics services to the Tempe site.

Imperial Dade has acquired Excell Direct, a regional distributor of foodservice packaging and janitorial products in Arizona, to expand its presence in the state. Financial terms were not disclosed; founders Stewart and Crystal Leary and the Excell team will join Imperial Dade to leverage its larger distribution platform and product offering.

Resideo Technologies agreed to acquire Snap One Holdings for $10.75 per share in cash, valuing the transaction at approximately $1.4 billion including net debt. Snap One will integrate into Resideo's ADI Global Distribution business to expand Resideo's smart-living product portfolio, proprietary offerings and distribution capabilities; the deal is financed in part by a $500 million perpetual convertible preferred equity investment from Clayton, Dubilier & Rice.

Liquidity Services, Inc. (NASDAQ: LQDT) has acquired Sierra Auction, a Phoenix-based full-service auctioneer that sells vehicles, equipment and surplus assets for government agencies, commercial businesses and charities. The acquisition expands Liquidity Services' presence in the southwestern U.S., increases its transportation and used-equipment footprint, and enhances its pre- and post-sale logistics and buyer network while retaining Sierra's management and employees.

Glenview, Illinois-based Envoy Solutions has acquired Tempe-based Accurate Chemical and Gilbert-based GPMI Company, expanding its Jan-San distribution footprint and adding chemical blending and wipes manufacturing capabilities. The transactions are add-on acquisitions to Envoy's national platform intended to improve West-region efficiencies, broaden product offerings, and enhance manufacturing capacity.

Descartes Systems Group has acquired Supply Vision, a Phoenix-based provider of shipment management solutions for North American Logistics Service Providers (LSPs). The deal was for approximately $12 million in cash up front plus up to $3 million in performance-based earn-outs, and is intended to expand Descartes' capabilities for LSP digitization and complement its existing portfolio of LSP solutions.

Descartes Systems Group acquired NetCHB, a Tucson-based provider of cloud-based customs filing solutions used by U.S. customs brokers and forwarders. The deal included $40 million in up-front cash plus up to $60 million of performance-based earn-out consideration and strengthens Descartes' customs-filing and e-commerce regulatory capabilities for its Global Logistics Network.

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.

LaserShip is acquiring West Coast parcel carrier OnTrac Logistics for approximately $1.3 billion, creating the largest regional parcel carrier in the United States by combining eastern and western networks. The combined company will expand LaserShip’s footprint coast-to-coast, increasing scale to better compete with national carriers and generate about $1.6 billion in combined revenue, according to Moody’s.

Blade Air Mobility agreed to acquire Trinity Air Medical for approximately $23 million upfront plus contingent consideration, creating a nationwide, multi-modal organ logistics and transport platform. The acquisition will fold Trinity into Blade's MediMobility business, with Trinity leadership joining Blade's MediMobility management team and all Trinity employees expected to remain post-closing.

Brady Industries, a portfolio company of A&M Capital Partners II (Alvarez & Marsal Capital), has acquired a majority interest in Maintenance Mart, a Phoenix-based regional distributor of janitorial supplies and equipment. The add-on expands Brady's Arizona footprint with two new facilities and brings regional end-market expertise to Brady's facility- and foodservice-distribution platform.

Radiant Logistics, Inc. (NYSE MKT: RLGT) has acquired Phoenix-based On Time Express, Inc., a privately held provider of dedicated line-haul and time-critical domestic and international logistics solutions. The deal has an aggregate base purchase price of $20.0 million with additional performance-based earnouts; On Time Express will operate as a subsidiary of Radiant Transportation Services and provide capacity to Radiant's 90+ location network.