Transportation Acquisitions in South Carolina

Propark Mobility has acquired Southern Valet & Transportation, a Columbia, South Carolina-based provider of valet, parking management, and shuttle services. The acquisition expands Propark's national footprint and adds local valet and transportation capabilities to its portfolio of parking and mobility services.

NOVA Infrastructure completed the acquisition of A&R Bulk-Pak, a Moncks Corner, South Carolina provider of contract packaging, transloading, rail-served warehousing and logistics services to petrochemical producers and traders. As part of the transaction A&R entered a strategic partnership with Harbor Logistics (a NOVA portfolio company) to broaden service offerings and pursue growth across North American port-centric logistics markets.

PolyQuest, Inc., a privately held thermoplastic resin distributor based in Wilmington, North Carolina, has agreed to acquire Baker Transportation, Inc., an asset-based regional carrier headquartered in Lake City, South Carolina. The deal (expected to close October 1, 2023) gives PolyQuest direct transportation and logistics capabilities while the Baker family will remain involved in operations.

Funds managed by Wafra Inc. and NOVA Infrastructure acquired Hawthorne Global Aviation Services from Moelis Capital Partners. Hawthorne is a U.S. fixed-base operator (FBO) network with six locations offering fueling, hangaring and ancillary airport services; the investors plan to build a larger FBO platform and expand the company’s geographic footprint in corporate and general aviation.

Ascend LLC, a dry-van full truckload carrier backed by Wellspring Capital Management, has acquired Dedicated Transportation Solutions (DTS), a Greenville, South Carolina-based dedicated contract carriage and trucking operator. The transaction expands Ascend’s dedicated contract carriage business and increases its southeastern U.S. footprint and network density across the South, Mid-Atlantic and Midwest.