Tracked deals
23
23 tracked deals across 2019-2026.
Logistics & Distribution Buyers & Acquisitions in Tennessee
Buyer mix
Mixed buyer set
18 strategic · 16 pe
Top trend
Volume peaked in 2025
6 tracked deals announced in 2025.
Primary Insight
What Stands Out
- CMA CGM Group (with CEVA Logistics) agreed to acquire FedEx Supply Chain in Tennessee for $1.4B, aiming to expand contract logistics operations.
- Koch Companies acquired Store Opening Solutions (SOS), adding Murfreesboro-based warehousing and fulfillment capabilities.
- LRT Group acquired Xpress Global Systems (XGS) to strengthen LTL capabilities and expand coverage into the Southeast.
- Technology-enabled logistics keeps showing up: acquisitions include Tenstreet’s purchase of TextLocate (SMS driver communications and freight visibility) and Cass Information Systems’ acquisition of AcuAudit (ocean and international air freight audit).
- Recurring buyer types include global logistics operators (CMA CGM Group, Accenture), strategic industrials (Koch Companies), and recurring private capital platforms (e.g., Platinum Equity, Kian Capital Partners).
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Forward Air Corporation | 2 | Asset-light freight and logistics company providing LTL, ... | Strategic |
| Platinum Equity | 2 | Global private investment firm specializing in buyouts an... | PE |
| ARC Industries, Inc. | 1 | Family office that acquires and partners with small, cash... | Family Office |
| Accenture | 1 | Global professional services and consulting firm speciali... | Strategic |
| American Securities | 1 | U.S. private equity firm focused on investments in indust... | PE |
| Bain Capital | 1 | Global private investment firm investing across private e... | PE |
| Barings | 1 | Global asset manager offering public and private market i... | PE |
| CEVA Logistics | 1 | CMA CGM logistics subsidiary focused on contract logistic... | Strategic |
| CMA CGM Group | 1 | Global sea, land, air and logistics provider expanding in... | Strategic |
| Cass Information Systems | 1 | Provider of global freight audit, invoice audit and payme... | Strategic |
Acquisition Volume in Logistics & Distribution in Tennessee by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 6, 2026
- Buyer
- CMA CGM Group, CEVA Logistics
- Target
- FedEx Supply Chain
- Seller
- FedEx Corp.
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
CMA CGM Group agreed to acquire FedEx Supply Chain, FedEx’s third-party logistics subsidiary, for an enterprise value of $1.4 billion. The deal will be integrated into CMA CGM’s logistics subsidiary, CEVA Logistics, nearly tripling CEVA’s North American contract logistics operations and expanding the combined footprint to about 150 warehouses and ~20,000 employees across 240+ locations.
-
January 8, 2026
- Buyer
- Koch Companies
- Target
- Store Opening Solutions (SOS)
- Seller
- Marmon Holdings, Inc.
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Koch Companies has acquired Store Opening Solutions (SOS) from Marmon Holdings, expanding Koch's warehousing, fulfillment and retail-oriented logistics capabilities. The acquisition, which brings SOS's Murfreesboro-based operations and multiple regional locations into Koch Logistics, doubles Koch's nationwide warehouse footprint and strengthens its retail services offering.
-
November 18, 2025
- Buyer
- LRT Group
- Target
- XGS
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
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.
-
October 29, 2025
- Buyer
- FleetPride Inc., American Securities, Platinum Equity
- Target
- TruckPro, LLC
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
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.
-
- Buyer
- Endeavour, CoPilot Global Logistics Holdings, LLC
- Target
- Mallory Alexander International Logistics, LLC
- Seller
- Members of the Mallory family
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
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.
-
September 18, 2025
- Buyer
- Double Barrel Capital
- Target
- Envoy Source, LLC
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Recapitalization
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.
-
March 1, 2025
- Buyer
- Tenstreet
- Target
- TextLocate
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Tenstreet has acquired TextLocate, a Chattanooga-based provider of SMS-based driver communications and freight visibility tools, to augment its driver-centric recruiting and logistics software. The deal will integrate TextLocate's chat, image capture and location capabilities with Tenstreet's Driver Pulse, TruckMap and True Load Time products to improve automation, transparency and driver communications across the supply chain.
-
- Buyer
- Cass Information Systems
- Target
- AcuAudit
- Seller
- Acuitive Solutions, Active Solutions
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Cass Information Systems has acquired AcuAudit, an ocean and international air freight audit platform, from Acuitive Solutions (reported also as Active Solutions). The acquisition adds specialized freight-audit and landed-cost capabilities to Cass's global freight audit & payment offering and will be integrated into Cass's multimodal services while Acuitive's founder Phil Marlowe will retain and continue to lead Acuitive Solutions' other product lines.
-
October 14, 2024
- Buyer
- Accenture
- Target
- Joshua Tree Group
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Accenture has acquired Joshua Tree Group (JTG), a Franklin, Tennessee-based supply chain consulting firm focused on distribution center performance, workforce coaching and advanced analytics. The acquisition expands Accenture's capabilities in warehouse optimization and autonomous supply chains by combining JTG's on‑the‑ground operations expertise with Accenture's digital, AI and digital-twin technologies; terms were not disclosed.
-
June 1, 2023
- Buyer
- Kian Capital Partners, LNC Partners, Barings, Everside Capital Partners, MSouth Capital
- Target
- Team Air Distributing
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Kian Capital Partners completed a platform investment in Team Air Distributing, a leading HVAC wholesale distributor headquartered in Nashville, Tennessee, in partnership with management and co-investors including LNC Partners, Barings, Everside Capital Partners and MSouth Capital. The investment will support a buy-and-build growth strategy focused on geographic and product-line expansion while retaining Jeff Wallace as President and CEO with a significant equity stake.
-
- Buyer
- ERES IV (Edmond de Rothschild Private Equity / Elyan Partners), Unigestion, Riverside Acceleration Capital, Founders of FreightWise
- Target
- FreightWise
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Growth capital
ERES IV (advised by Elyan Partners) has led a $25 million growth investment in FreightWise, the US-based logistics technology company, alongside FreightWise’s founders, Unigestion and Riverside Acceleration Capital. The capital will be used to scale the company’s customer base and team, expand product capabilities and pursue organic and acquisitive growth across North America.
-
February 2, 2023
- Buyer
- Jones Logistics, Jones Capital
- Target
- Nationwide Express
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Addon
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.
-
November 8, 2022
- Buyer
- MercuryGate International, Inc.
- Target
- ClearTrack Information Network
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
MercuryGate International, Inc. has acquired ClearTrack Information Network to extend its ocean freight procurement, real-time shipment visibility and trade compliance capabilities. ClearTrack, founded in Brentwood, Tennessee, brings container-, order- and item-level tracking and compliance monitoring to MercuryGate's end-to-end transportation management platform; financial terms were not disclosed.
-
October 6, 2022
- Buyer
- Pritzker Private Capital, Kenco management team
- Target
- Kenco Logistics
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Growth capital
Pritzker Private Capital agreed to invest in Kenco Logistics, a Chattanooga-headquartered third-party logistics (3PL) provider, alongside members of Kenco's management team. The investment will provide growth capital to scale Kenco's offerings, support geographic and vertical expansion, accelerate automation and data initiatives, and enable strategic add-on acquisitions; terms were not disclosed.
-
December 2, 2021
- Buyer
- Imperial Dade, Bain Capital
- Target
- American Paper & Twine
- Seller
- Doochin family / American Paper & Twine shareholders
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Addon
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.
-
July 30, 2021
- Buyer
- U.S. Multimodal Group, Inc., ARC Industries, Inc., Unnamed significant minority investors
- Target
- TransONE
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Addon
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.
-
February 25, 2021
- Buyer
- MODE Transportation
- Target
- Avenger Logistics
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Addon
MODE Transportation (Dallas-based 3PL) has acquired Avenger Logistics, a Chattanooga-based freight brokerage. Financial terms were not disclosed; Avenger will continue operating under its brand with President Jason Roberts leading MODE's enterprise operations as the business is integrated into MODE's platform.
-
- Buyer
- Forward Air Corporation
- Target
- Value Logistics, Inc.
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Forward Air Corporation has agreed to acquire the assets of Value Logistics, Inc., a Memphis-based intermodal drayage provider, for $2.25 million. The acquisition (expected to close in October 2020) expands Forward Air's intermodal drayage capabilities and strengthens its presence in the Memphis market; Value Logistics generates approximately $6 million in annual revenue and operates with about 20 employees and ~30 independent contractors.
-
September 16, 2020
- Buyer
- Forward Air Corporation
- Target
- CLW Delivery, Inc.
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Forward Air Corporation entered into an agreement to acquire the assets of CLW Delivery, Inc. for $5.5 million in cash, a transaction expected to close in October 2020. The acquisition expands Forward Air’s Final Mile footprint into 14 additional markets and adds CLW’s in-home installation capabilities; CLW is expected to contribute about $20 million of revenue and $1 million of EBITDA on an annualized basis.
-
April 28, 2020
- Buyer
- NovEx Supply Chain, LLC
- Target
- BGS Fulfillment
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
Salt Lake City-based NovEx Supply Chain, a technology-driven ecommerce fulfillment company, acquired Memphis-based BGS Fulfillment, a B2B warehousing and fulfillment provider. The acquisition gives NovEx a strategic foothold in Memphis to expand U.S. coverage and enhance final-mile and ecommerce fulfillment capabilities.
-
February 24, 2020
- Buyer
- Thompson Street Capital Partners
- Target
- Green Mountain Technology, LLC
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Growth capital
Thompson Street Capital Partners (TSCP) has completed a growth investment in Green Mountain Technology, LLC (GMT), a Memphis-based provider of parcel spend management solutions. Terms were not disclosed; TSCP will partner with GMT’s leadership to accelerate product development, expand offerings and scale the business.
-
October 16, 2019
- Buyer
- Platinum Equity
- Target
- TruckPro Holding Corporation
- Seller
- Harvest Partners
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Buyout
An affiliate of Platinum Equity has acquired TruckPro Holding Corporation from Harvest Partners. TruckPro, headquartered in Memphis, Tennessee, is a leading distributor of heavy-duty truck and trailer parts with more than 150 locations across the United States and Canada; Platinum Equity said it will pursue organic growth and potential acquisitions to expand the business.
-
- Buyer
- Continental Batteries, Incline Equity Partners
- Target
- Battery Sales & Service (BSS)
- Industry
- Logistics & Distribution
- Location
- Tennessee, United States
- Type
- Addon
Continental Batteries, a platform backed by Incline Equity Partners, has acquired Battery Sales & Service (BSS), a Memphis-based aftermarket battery distributor. The acquisition adds eight branch locations to Continental’s network—expanding the platform to 42 branches across 15 states—as part of a strategy to consolidate the fragmented aftermarket battery industry and expand geographic coverage.
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Frequently Asked Questions
Which logistics subsectors are most common in Tennessee acquisitions?
Recent deals highlight contract logistics/warehousing and fulfillment, LTL and dedicated transportation, distribution and heavy-duty aftermarket services, and logistics software (freight visibility, driver communications, and freight audit/landed cost).
Are there notable technology and analytics acquisitions in Tennessee?
Yes. Examples include Tenstreet acquiring TextLocate (driver communications and freight visibility) and Cass Information Systems acquiring AcuAudit (ocean and international air freight audit and landed-cost capabilities).
What kinds of strategies show up in these Tennessee logistics deals?
Many deals focus on expanding geographic footprint and service capacity, strengthening specific modalities (like LTL or freight auditing), or upgrading operations with visibility, communications, and automation tools.
Which recurring buyers appear across multiple Tennessee-related deals?
Recurring names in the Tennessee list include Forward Air Corporation, Platinum Equity, Kian Capital Partners, Accenture, Koch Companies, MercuryGate International, Inc., and Pritzker Private Capital.
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