Logistics & Distribution Acquisitions in Tennessee

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.