Q3 2020 UPDATE
TFI INTERNATIONAL ACQUIRES DLS WORLDWIDE FOR $225M
September 15, 2020: TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, announced to acquire DLS Worldwide (“DLS”), a business unit of R.R. Donnelley & Sons Company. DLS provides logistics services through a 3PL network and its’ primary transportation modes include LTL, truckload, freight forwarding, expedited, parcel and intermodal. The deal was worth ~$225 million (EV/Revenue: 0.425x and EV/EBITDA: 9.00x)
EBERHART CAPITAL ACQUIRES M.J. VAN DAMME TRUCKING FOR $50M
August 11, 2020: Eberhart Capital LLC, Scottsdale, Ariz. based private equity firm, acquired M.J. Van Damme Trucking Inc. in a deal valued at $50 million. M.J. Van Damme provides mine site and material management services and also uses production waste materials to meet construction needs.
FORWARD AIR ACQUIRES CLW DELIVERY FOR $5.5M
September 16, 2020: Forward Air Corporation (NASDAQ: FWRD) announced to acquire the assets of CLW Delivery, Inc., a privately held final mile provider for $5.5 million. CLW generates $20 million in annual revenue. Forward is executing a growth strategy that involves organic infrastructure investments, primarily focused on the ongoing LTL network expansion. Headquartered in Johnson City, Tenn., CLW specializes in last mile logistics and in home installation services for national retailers and manufacturers.
USPACK ACQUIRES GUMRO & ASSOC. AND FREIGHT RITE
August 24, 2020: USPack , a national leader in high speed final mile logistics and NewSpring Holdings portfolio company announced the acquisitions of Gumro & Associates and Freight Rite, further expanding its omni channel retail logistics capabilities and national footprint. The acquisitions offer a new comprehensive stack of technology enabled services never before available to retailers from a single provider, enabling efficiency and scalability to meet growing customer demand in a strong Delivery Economy.