Private Equity Investing in Logistics Companies
We reported logistics as a sector of investment focus for private equity firms in May 2019. However, logistics, as an industry sector, has been increasingly more interesting to private equity firms for some time now.
Our M&A Research Database shows 544 current PE-owned portfolio companies in the logistics space and an increasing PE appetite for logistics companies over time.
NOTE – 2019 is not a projection but an annualized amount, based on deals recorded thus far in 2019.
While a portion of this upward trend echoes the overall growth in private equity across all industries, logistics seems to be a favored industry.
Notable 2019 Private Equity Investments in Logistics Companies
RoadOne IntermodaLogistics is a full-service intermodal transportation and related logistics company.
CityDash is a courier, trucking and logistics provider. CityDash offers same day courier services, small package delivery, expedited palleted freight, full truckload, and brokerages services.
TAM International is a global freight forwarder focused on providing a full scope of logistics solutions for Class 7 and other specialized material.
Mannings Truck Brokerage is a provider of outsourced logistics services.
Bradford Airport Logistics is a provider of advanced logistics services within the global aviation industry. The company provides logistics services and security screening of goods entering the airport terminal complex.
RJW Logistics Group, Inc. is a supply chain solutions provider, with a specialized focus on LTL consolidation services.
A&R Logistics is a provider of integrated dry bulk logistics solutions for the chemical and plastic industries.
AMS Fulfillment Holdings is a full service outsourced logistics provider offering order management, warehouse and inventory management, reverse logistics and other value-added, complex fulfillment services.
Alpine Air Express, Inc. is a logistics and transportation platform providing regional air cargo services throughout the Mountain Region of the Western United States.
DSI Logistics is a third-party logistics firm specializing in “white glove” home delivery.
Petroleum Service Corporation provides product handling and site logistics services for the petrochemical, refining, midstream and marine transportation end markets.
Cardinal is a provider of dedicated transportation and logistics services in North America.
R & R Freight is a freight distribution, logistics and warehousing company in North Branford, CT.
Most Active Investment Banks on PE-Logistics Deals
While no one investment bank is absolutely dominating the logistics sector (involving private equity platform investments), four I-banks lead the pack by way of number of logistics transactions to private equity firms:
- Harris Williams & Co.
- KPMG Corporate Finance
- BB&T Capital Markets
- PricewaterhouseCoopers Corporate Finance
Most Active Law Firms Advising on PE-Logistics Deals
Unlike the investment banks, where deals seem more evenly spread, there is one law firm in particular that seems to have an unusually high share of the logistics transactions involving private equity firms. That is, Kirkland & Ellis with 12 logistics – PE platform deals followed by Weil Gotshal & Manges with 5 deals.