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Jun 4, 2010

TRANSPORT & LOGISTICS: Mergers & Acquisitions * WORLDWIDE

Strategic Buyers


(Photo from JOC: Hong Kong Airport)

* Williamsport,MD,USA - 14 May: Bowman Sales & Equipment, Inc. announced the acquisition of Annexus Storage & Cartage, Inc.... Annexus provides portable storage and short-haul transportation solutions in the Eastern US and Canada. Terms were not disclosed.

* Tokyo,Japan - 17 May: Niyac Corporation announced the pending acquisition of 15.6% of Sakurajima Futo Kaisha Ltd. ("SFK"). Based in Japan, SFK provides warehousing and marine cargo-handling services for heavy oil and bulk cargo at the Sakurajima wharf. Terms were not disclosed.

* Kuala Lampur,Malaysia - 17 May: MTTI Sdn Bhd announced the pending acquisition of 50.0% of Vitol Tank Terminals International B.V.("VTTI") for $735.0 million. Based in Rotterdam, VTTI operates a network of bulk logistics assets in the Netherlands and internationally.

* Åbyhøj,Aarhus,Denmark - 18 May: Danske Fragtmænd A.M.B.A. Af 1990 announced the acquisition of C. Schmidt & Son A/S.... Schmidt provides trucking and storage services from its base in Herning, Denmark. Terms were not disclosed.

* Amsterdam,The Netherlands - 18 May: Trifid Holding, N.V. announced the acquisition of the remaining 30.0% of C.S. CARGO Holding. C.S.... CARGO provides international and domestic transport, logistics and customs clearance services in the Czech Republic and the European Union. Terms were not disclosed.

* Johannesburg,Gauteng Province,South Africa - 19 May: Santova Logistics Limited announced the acquisition of Aviocean (Pty) Ltd. for $2.9 million. Aviocean provides freight forwarding and customs brokerage services from its base in Kempton Park, South Africa.

* Chiyoda,Tokyo,Japan - 20 May: NYK Line announced the acquisition of the remaining 16.1% of Nippon Cargo Airlines Co. Ltd. ("NCA")... NCA provides scheduled and nonscheduled air cargo transport services from its base in Narita, Japan. Terms were not disclosed.

* Kowloon,Hong Kong,China - 25 May: The Wharf (Holdings) Limited, Mosgen Limited, Hutchison Port Holdings Limited, China National Aviation Corporation (Group) Limited and HACTL and HIHL shareholders, announced the pending acquisition of 40.0% of Hong Kong Air Cargo Terminals Limited and HACTL Investment Holdings Limited for $427.2 million.

* Berlin,Germany - 27 May: Hms Bergbau Ag announced the acquisition of Bulk Port Kintap... Kintap provides the handling, mixture and storage of coal from its base in South Kalimantan, Indonesia. Terms were not disclosed.

* Shanghai,SH,China - 28 May: Shanghai International Port Group Co. Ltd. announced the pending acquisition of 25.0% of APM Terminals Zeebrugge N.V. for $33.2 million. Based in Zeebrugge, Belgium, APM provides container handling services for the shipping industry.

* Channel Tunnel,France - 1 June: Europorte 2 announced the acquisition of First GBRf Ltd. for $32.2 million. Based in London, First GBRf provides rail freight and intermodal services throughout the UK.

Private Equity Backed

* Wayne,Michigan,USA -19 May: The Environmental Quality Company, a portfolio company of Kinderhook Industries, announced the acquisition of Envirite Corporation. Based in Canton, OH, Envirite provides industrial waste management services specializing in the treatment and recycling of metal-bearing liquids and solids. Terms were not disclosed.

* Paris,France - 25 May: The management of Stars Service SA, Capzanine, Agregator Gestion SAS and Naxicap Partners SA announced the acquisition of a majority of Stars Service SA. Based in Paris, Stars provides home delivery of perishable goods in urban and suburban areas. Terms were not disclosed.

* Mokena,IL,USA - 28 May: United Road Towing, a portfolio company of The Carlyle Group and Milestone Partners, announced the acquisition of Sunrise Towing. Sunrise provides emergency tow services throughout the greater Las Vegas area. Terms were not disclosed.

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May 20, 2010

TRANSPORT & LOGISTICS: Mergers & Acquisitions * WORLDWIDE



Strategic Buyers

* USA - 7 May: Midwest Refrigerated Services, Inc. announced the pending acquisition of High Track LLC. Based in McFarland, WI, High Track provides refrigerated warehousing, distribution and logistics services in North America and internationally. Terms were not disclosed.

* Malaysia - 11 May: HPI Resources Bhd announced the pending acquisition of Sierra Selections Sdn Bhd for $468,000. Based in Malaysia, Sierra Selections provides trucking services.

* Malaysia - 11 May: HPI Resources Bhd announced the pending acquisition of Kempas Teknik Sdn. Bhd. for $343,000. Based in Malaysia, Kempas Teknik provides trucking services.

* Malaysia - 11 May: HPI Resources Bhd announced the pending acquisition of Parit Raja United Transport Sdn. Bhd. for $156,000. Based in Malaysia, Parit Raja provides trucking services.

* USA - 11 May: GSI Commerce Inc. announced the acquisition of VendorNet Inc. Based in Boynton Beach, FL, VendorNet provides multichannel e-commerce supply chain solutions to more than 100 retailers and brand marketers. Terms were not disclosed.

Private Equity Backed

* USA - 11 May: RedPrairie Corporation, a portfolio company of New Mountain Capital, announced the acquisition of SmartTurn, Inc. Based in San Francisco, SmartTurn provides web-based warehouse and inventory management software solutions. Terms were not disclosed.

* China - 11 May: China Leason Investment Group Co., Limited announced the pending acquisition of 75.0% of Shanxi Wanzhi Logistics Co Ltd. Shanxi Wanzhi transports liquefied natural gas from its base in China. Terms were not disclosed.

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Apr 7, 2010

TRANSPORT & LOGISTICS: Mergers & Acquisitions * WORLDWIDE



Strategic Buyers

* Germany - 19 March: Itelligence AG announced the acquisition of 51.0% of ADELANTE SAS. Based in Courbevoie, France, ADELANTE provides software consulting services for supply chain information systems. Terms were not disclosed.

* USA - 23 March: Logility, Inc. announced the acquisition of certain assets of Optiant, Inc. for $3.0 million. Optiant provides multi-echelon supply chain optimization solutions from its base in Burlington, MA.

* Pakistan - 24 March: Aza Group announced the acquisition of 50.0% of ZAR Logistics. Based in Valencia, Spain, ZAR provides 3PL delivery services from an 11,000 sq. meter facility. Terms were not disclosed.

* Malaysia - 24 March: SLP Logistics Sdn Bhd announced the pending acquisition of certain trucking assets and subsidiaries of Tiong Nam Logistics Holdings Bhd for $9.7 million.

* France - 25 March: Morin Transports & Logistic announced the acquisition of Astelem. Astelem provides e-commerce fulfillment services from its base in Montpellier, France. Terms were not disclosed.

* Russia - 26 March: Rosinteragroservis JSC announced the acquisition of Azov Grain Terminal Ltd. Azov provides processing of up to 500,000 tons of grain through its terminal facilities located at the Port of Azov in Russia. Terms were not disclosed.

* India - 26 March: Aqua Logistics HK Pvt. Ltd. announced the pending acquisition of 60.0% of CIT Logistics Ltd., TAG Logistics Ltd. and AGI Logistics Ltd. CIT, TAG and AGI provide international air and ocean freight forwarding services from bases in Hong Kong.

* Russia - 26 March: NovoshipinvestPlus announced the acquisition of 5.6% of Joint Stock Company Novorossiysk Shipping Company ("JSC Novoship"). Based in Novorossiysk, Russia, JSC Novoship provides shipping services by utilizing 55 modern vessels with a total capacity of 4.4 million deadweight tons. Terms were not disclosed.

* Turkey - 27 March: Global Liman Isletmeleri A.S. announced the pending acquisition of the remaining 40.0% of Ortadogu Antalya Liman Isletmeleri. Based in Turkey, Ortadogu provides storing, cleaning, washing and container inspection services through its ownership of the Antalya Seaport. Terms were not disclosed.

* Spain - 27 March: Erhardt y Cía. SA announced the acquisition of Bermeo Offshore S.A. Bermeo Offshore provides stevedoring services from its base at the Port of Bermeo in Spain. Terms were not disclosed.

Private Equity Backed

* Egypt - 23 March: A group led by Egyptian equity firm Citadel Capital announced the pending acquisition of The Rift Valley Railways Consortium ("RVR"). Based in Nairobi, RVR provides management of the parastatal railways of Kenya and Uganda. Terms were not disclosed.

* USA - 25 March: Harbour Group announced the acquisition of Fleetgistics Holdings, Inc., an Atlantic Street Capital portfolio company. Fleetgistics provides same-day logistics services to long-term care pharmacies, medical laboratories and automotive aftermarket parts retailers and distributors. Terms were not disclosed.

* Spain - 25 March: Kartera 1, S.L. announced the acquisition of a 5.0% stake in Compania Logistica de Hidrocarburos CLH SA for $193.4 million. Based in Madrid, CLH is the largest provider of petroleum logistics services in Spain.

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Oct 17, 2009

TRANSPORT & LOGISTICS, Mergers & Acquisitions * WORLDWIDE

Strategic Buyers - International Transactions



(Image from JOC: Canav Port Auth)

* France - 5 Oct: Compagnie Maritime Nantaise M N announced the acquisition of Transports Maritime Côtier ("TMC"). Based in Dakar, TMC provides shipping services utilizing four vessels. Terms were not disclosed.

* Russia - 5 Oct: Rostekhnologii Corporation announced the acquisition of 52.2% of Vladivostok Air JSC. Vladivostok operates passenger and cargo aircraft in Russia and abroad. Terms were not disclosed.

* Malaysia - 7 Oct: Changhuat Manufacturing Sdn. Bhd. announced the pending acquisition of the remaining 37.0% of Arus Dermaga Sdn Bhd for $7.6 million. Based in Malaysia, Arus provides the transfer of cargo between seagoing ships positioned alongside each other, either while stationary or underway.

US Domestic Transactions

* USA - 5 Oct: Express-1 Expedited Solutions announced the acquisition of LRG International Inc. for $3.4 million. Based in Tampa, LRG provides international ocean and air freight forwarding services.

* Financial Buyers

* Bermuda, 7 Oct: Brookfield Infrastructure Partners L.P. announced the pending acquisition of PD Ports Limited for $158.7 million. PD Ports provides port and logistics services from 16 locations throughout the UK.

* USA - 8 Oct: CPP Investment Board and Sterling Partners announced the pending acquisition of Livingston International Income Fund for $387.6 million. Based in Toronto, Livingston provides customs brokerage, transportation, logistics and border services in North America.

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Jun 19, 2009

TRANSPORT & LOGISTICS, Mergers & Acquisitions * WORLDWIDE

Strategic Buyers - International Deals

* The Netherlands - 5 June: Royal TNT Post B.V. announced the acquisition of Mikropakket Nederland BV. Based in the Netherlands, Mikropakket provides secure distribution of products such as jewelry and telecommunication items in the Dutch market. Terms were not disclosed.

* Switzerland - 3 June: Holcim Ltd. announced the acquisition of 69.0% of DTD Kamenko Gagrcin AD for $2.1 million. Based in Sombor, Serbia, DTD provides bulk marine transport of gravel and sand.

* Malaysia - 2 June: TL Geotechnics Sdn. Bhd announced the pending acquisition of 60.0% of Scomi Oilserve Sdn Bhd for $3.6 million. Based in Kuala Lumpur, Scomi provides marine vessel chartering services and owns two anchor handling tugs.

* UK - 1 June: Asco Marine Ltd. announced the acquisition of a majority interest in Seletar Shipping (Scotland) Limited. Based in Aberdeenshire, UK, Seletar provides comprehensive agency and offshore support service to clients in the offshore, general cargo, freight management and logistics sectors. Terms were not disclosed.

* Belgium - 9 June: Euro-Sprinters NV announced the pending acquisition of MG Road Express Bvba and Corpco SA-NV. MG and Corpo provide distribution and package express services from their base in Belgium. Terms were not disclosed.

* Switzerland - 10 June: Swiss Post International AG announced the acquisition of Swiss Post International Denmark ApS. Based in Copenhagen, SPI Denmark provides post dispatch and courier services. Terms were not disclosed.

* Osterreich - 10 June: Helvetia Versicherungen AG announced the pending acquisition of CEAT L'Européenne d'Assurance Transport. Based in Paris, CEAT provides transport insurance services. Terms were not disclosed.

* India - 10 June: GMR Infrastructure Ltd. announced the pending acquisition of an additional 3.9% of Delhi International Airport (P) Ltd. ("DIAL"). DIAL operates Delhi's Indira Gandhi International Airport. Terms were not disclosed.

* Hong Kong/China - 11 June: PYI Corporation Ltd. announced the acquisition of 25.0% of Jiangyin Sunan International Container Terminal Co., Ltd. for $4.0 million. Based in China, Sunan provides cargo loading and discharging, transportation and storage services in the Jiangyin Port.

* Australia - 15 june: Toll Holdings Limited announced the pending acquisition of Perkins Group Holdings Pty. Ltd. Perkins provides shipping and general freight services. Terms were not disclosed.

US Domestic Transactions

* Chicago,Ill. - 10 June: Echo Global Logistics, Inc. announced the acquisition of RayTrans Distribution Services, Inc. Ray Trans provides freight brokerage and logistics services in the US from its base in Matteson, Ill. Terms were not disclosed.

Financial Buyers

* Russia - 11 June: Sberbank-Capital JSC announced the acquisition of 10.0% of Global Ports Investments Plc. Based in Cyprus, Global provides container and oil products terminal operator services at the Limassol Port. Terms were not disclosed.

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May 15, 2009

Trucking Industry Mergers & Acquisitions * USA - Deals in transportation see sharp drop

New York,NY,USA -Fleet Owner, by Sean Kilcarr -May 15, 2009: -- A new study by consulting firm PricewaterhouseCoopers LLP finds that merger and acquisition (M&A) deal activity dropped significantly during first quarter 2009 in the global transportation and logistics industry... Just 18 at a disclosed value of at least $50 million each were announced during the period -- a far cry from the fourth quarter in 2008, when 43 such deals took place... This ongoing slowdown in M&A deals within the transportation and logistics sector also highlighted changes in behavior among deal participants, noted Kenneth Evans Jr., PricewaterhouseCoopers’ U.S. transportation and logistics sector leader... According to PricewaterhouseCoopers’ report -- entitled "Intersections: First-quarter 2009 mergers and acquisitions analysis" -- activity only continued to increase among non-U.S. parties during the first quarter this year. Foreign entities made up 94% of deal volume – up from 71% in 2007 and 81% in 2008 – and only one U.S. entity announced a deal during first quarter 2009... (Photo from dremag.com: truck )

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Mar 20, 2009

TRANSPORT & LOGISTICS, Mergers & Acquisitions * WORLDWIDE

Strategic Buyers - International Deals

* Finland -2 March: Containerships Ltd Oy announced the acquisition of Contaz Maritime Transport and Trade S.A. Contaz provides marine transportation and freight forwarding services from its base in Istanbul, Turkey. Terms were not disclosed.

* Singapore -5 March: Lewek Ruby Shipping Pte Ltd. announced the acquisition of Admiralty Marine Services Pty Ltd. for $191,000. Admiralty provides marine and ship management services from its base in South Perth, Australia.

* Canada - 5 March: Cargojet Airways Ltd. announced the pending acquisition of the remaining 49.0% of Prince Edward Air Ltd. ("PEA"). Based in Charlottetown, Canada, PEA provides air transportation of passengers and cargo. Terms were not disclosed.

* Malaysia -6 March: Century Logistics Sdn. Bhd. announced the acquisition of Century Logistics (Singapore) Pte. Ltd. Century (Singapore) provides freight forwarding services from its location at the Changi Airport. Terms were not disclosed.

* Switzerland - 9 March: Kuehne & Nagel International AG announced the pending acquisition of J. Martens Holding AS. Based in Bergen, Norway, J. Martens provides shipping, freight forwarding and logistics services. Terms were not disclosed.

* Malaysia - 10 March: Green Land Garden Trading (M) Sdn Bhd announced the pending acquisition of 43.0% of Boustead Bulking Sdn Bhd for $233,000. Based in Pelabuhan Klang, Malaysia, Boustead provides bulking facilities for edible oil.

* Canada - 11 March: Descartes Systems Group announced the acquisition of Scancode Systems Inc. for $6.6 million. Based in Toronto, Scancode provides carrier-compliant parcel and LTL shipping solutions.

Financial Buyers

* U.S. Virgin Islands - 4 March: St. Albans Global Management, LLLP announced the acquisition of an additional 8.5% of World Point Terminals Inc. for $12.5 million resulting in a total ownership of 46.0%. Based in Montreal, Canada, World Point owns and operates liquid bulk storage and terminal facilities located in N. America and the Bahamas.

* Greece - 14 March: Marfin Investment Group Holdings S.A. announced the pending acquisition of the ground handling business of Olympic Airways for $57.8 million.

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Dec 8, 2008

TRANSPORT & LOGISTICS, Mergers & Acquisitions * WORLDWIDE

Strategic Buyers - International Deals

* Qatar - 24 Nov: Qatar Shipping Co. announced the pending acquisition of Qatar Navigation Q.S.C. Qatar Navigation provides marine transport services in the State of Qatar and United Arab Emirates. Qatar Navigation had TTM revenue of $315.2 million. Terms were not disclosed.

* Malaysia - 24 Nov: Silk Holdings Berhad announced the pending acquisition of Jasa Merin (Malaysia) Sdn Bhd for $24.0 million. Jasa Merin provides offshore support services to the Malaysian oil and gas industry.

* Germany - 25 Nov: Alfons Greiwing GmbH has acquired Asam Spedition Transporte GmbH ("ASTG"). ASTG provides logistics services from its base in Aichach, Germany. Terms were not disclosed.

* The Netherlands - 25 Nov: DailyFresh Logistics CV has acquired Internationaal Transportbedrijf Gebrs. In't Veen B.V. ("ITGIV"). ITGIV provides logistics services from its base in Nieuwe Tonge, Netherlands. Terms were not disclosed.

* Germany - 27 Nov: NedBahnen Deutschland GmbH has acquired Abellio GmbH, a Star Capital Partners portfolio company. Based in Essen, Germany, Abellio provides public bus and railway transportation. Abellio had TTM revenue of $131.4 million. Terms were not disclosed.

US Domestic Deals

* 24 Nov: WM Healthcare Solutions, Inc. has acquired Spectrum Environmental Solutions, Inc. ("SES"). SES provides medical waste disposal services from its base in Escondido, CA. Terms were not disclosed.

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Aug 21, 2008

TI MERGERS & ACQUISITIONS WORLDWIDE

Strategic Buyers - International Deals

* Canada - 12 August: Andlauer Management Group Inc. has made an offer to acquire the 74.7% of ATS Andlauer Income Fund it does not currently own for $100.7 million. Based in Toronto, Canada, ATS is a leading single source, full-service transportation solutions provider for major consumer product companies. ATS had TTM revenue of $205.3 million and TTM EBITDA of $22.2 million.

* The Netherlands - 11 August: Nurminen Logistics Oyj has acquired Gerlach Art Packers & Shippers B.V. Based in Schiphol-Rijk, the Netherlands, Gerlach provides art handling and shipping services. Terms were not disclosed.

* Finland - 11 Augfust: Oy Wiik & Ström Ab has acquired the local bus operations of Satakunnan Liikenne Oy in Vaasa, Finland. Terms were not disclosed.

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Aug 13, 2008

TI MERGERS & ACQUISITIONS WORLDWIDE

Strategic Buyers - International Deals

* Bermuda - 5 August: General Maritime Corp. announced the pending acquisition of Arlington Tankers, Ltd., a portfolio company of Wellington Management, Columbia Management Advisors and Kayne Anderson Capital, for $594.7 million. Based in Hamilton, Bermuda, Arlington transports crude oil and refined petroleum products by sea. Arlington had TTM revenue of $70.1 million and TTM EBITDA of $46.8 million.

* China - 6 August: China Shipping Container Lines Co. Ltd. announced the pending acquisition of China Shipping Terminal Development Co., Ltd. ("CSTD") for $379.8 million. Based in Hong Kong, CSTD operates container terminals in the ports of Dalian, Lianyungang and Shanghai, China, and Los Angeles, CA.

* Germany - 7 August: Andreas Schmid Logistik AG has acquired Treffer Transport GmbH. Based in Buchdorf, Germany, Treffer provides freight forwarding services. Terms were not disclosed.

* Vietnam - 8 August: Keppel Logistics Pte., Ltd. announced the pending acquisition of 40% of Indo-Trans Logistics for $1.6 million. Based in Vietnam, Indo-Trans provides international multi-model freight forwarding.

Strategic Buyers - US Domestic Deals

* USA - 11 Ausut: JDA Software Group, Inc. announced the pending acquisition of I2 Technologies, Inc. for approximately $346 million. Based in Dallas, TX, I2 provides supply chain software and management solutions worldwide. I2 had TTM revenue of $257.0 million and TTM EBITDA $45.8 million.

Financial Buyers

* South Africa -5 August: African Renaissance has acquired 20% of Marine Bulk Carriers (Pty) Ltd. and 20% of Marine Crew Services (Pty) Ltd. Based in Cape Town, South Africa, Marine Bulk Carriers provides marine transportation services and Marine Crew Services provides crewing and training services for the marine industry. Terms were not disclosed.

From: London,UK -Transport Intelligence -13 Ago 2008

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Jul 24, 2008

TRANSPORT'S MERGERS & ACQUISITIONS * WORLDWIDE

US Domestic Deals - Strategic Buyers

14 July - Republic Services, Inc. has rejected Waste Management, Inc.'s offer to acquire the company for $7.9 billion. Based in Fort Lauderdale, FL, Republic provides nonhazardous solid waste collection and disposal services. Republic had TTM Revenue of $3.2 billion and TTM EBITDA of $880.8 million.

17 July - FirstEnergy Corp. announced the acquisition of a 45% interest in Bull Mountain's 35-mile rail spur running from the mine to the BNSF mainline at Broadview, MT. Terms were not disclosed.

17 July - UNEV Pipeline, LLC has acquired Musket Corporation's Terminal and Rail Facilities based in Cedar City, UT for $9.8 million.

International Deals

* China - 14 July - Liupanshui Hidili Industry Co., Ltd. announced the acquisition of 37% of Panxian Panying Logistic Distribution Company Limited for $8.3 million. Based in China, Panxian Panying manages coal warehouses and provides railway logistics services.

* Australia - 17 July - Axon Group plc has acquired Consulting Principles Pty. Ltd. for $6.3 million. Consulting Principles provides supply chain and logistics SAP consulting services in Australia.

* Indonesia - 17 July - PT Dayaindo Resources International, Tbk. has acquired PT Karya Citra Danau Kalimantan for $14.2 million. Based in Indonesia, PT Karya provides ocean freight Transportation.

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Jul 17, 2008

TRANSPORT'S MERGERS & ACQUISITIONS * WORLDWIDE

US Domestic Deals - Strategic Buyers
10 July - Prime Time Shuttle, Inc. has acquired First Class Transportation, a Southern California based airport transportation service provider. Terms were not disclosed.

International Deals
7 July - Serbia - Fantoni S.p.A. announced the acquisition of 4.7% of DP ŠPIK-Morava for $27,000. Based in Ivanjica, Serbia, DP ŠPIK provides road transportation services. Terms were not disclosed.

9 July - France - Auxitec has acquired Specia Ingenierie, a provider of management and transportation services for nuclear material in France. Terms were not disclosed.

9 July - China - China National Foreign Trade Transportation (Group) Company announced the acquisition of China Changjiang National Shipping (Group) Corp. Changjiang National Shipping owns and controls various transport and auxiliary ships in China and had TTM Revenue of $2.5 billion. Terms were not disclosed.

9 July - Malaysia - Transmile Group Bhd. has acquired an additional 20.0% of CEN Sdn. Bhd. for $462,000, to gain a controlling interest. Based in Subang, Malaysia, CEN Sdn. is an express distribution and logistics management company.

9 July - Canada - Phoenix Oilfield Hauling, Inc. has acquired Rodan Transport Ltd. for $12.8 million. Based in Strathmore, Canada, Rodan Transport specializes in the transportation of supplies and equipment used in the production of petroleum.

9 July - China - China Gezhouba Group Company Limited has announced the acquisition of 10.1% of Hunanrong Railway Hubei Co. Ltd. for $233.2 million. Based in Wuhan, China, Hunanrong Railway owns and operates railroads.

Financial Buyers
3 July - Dubai - Kellett & Singleton Investments Ltd. acquired the remaining 66.7% interest in Scan-Trans Middle East & South Asia Holding Ltd. Based in Dubai, UAE, Scan-Trans Middle East & South Asia Holding operates as a ship chartering and brokerage firm. Terms were not disclosed.

9 July - Philippines - International Container Terminal Services Inc., a TPG Newbridge Capital portfolio company, has acquired an additional 14.4% of South Cotabato Integrated Port Services, Inc. for $400,000, to gain a controlling interest. Based in the Philippines, South Cabato is a cargo-handling contractor.

10 July - USA - Bridgeport Tank Trucks, Inc., an Audax Group portfolio company, has acquired West Fork Tank Trucks, Inc., a Bridgeport, Texas based provider of logistic services for the oil and petroleum industry. Terms were not disclosed.

Corrections

In the 8 July 2008 edition of Deal Update, we incorrectly identified RoadLink as RoadLink USA National, LLC. We apologize for the confusion.

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Jul 9, 2008

TRUCKING INDUSTRY NEWS * Global Mergers & Acquisitions

* USA - Strategic Buyers - Domestic Deals

· 1 July - RoadLink USA National, LLC has acquired American Freight Systems, Inc., a provider of intermodal trucking services between the ports of Seattle, Tacoma and Portland. Terms were not disclosed.

· 1 July - Ross Aviation, LLC has acquired Laredo Aero Center, Inc., an FBO located at Laredo International Airport. Terms were not disclosed.

* International Deals

* Oesterreich · 30 June - Oesterreichische Post AG has acquired the remaining 23.9% of trans-o-flex Schnell-Lieferdienst GmbH, a combi-freight operator and express delivery services provider in Europe. Based in Weinheim, Germany, trans-o-flex had revenue of $17.7 million.

* Germany · 30 June - GTG Postservice GmbH has acquired BriefGenio AG for $1.6 million. Based in Wolpertshausen, Germany, BriefGenio AG operates as a mail consolidator.

* South Africa · 30 June - Excellerate Holdings Ltd. announced the acquisition of 34.7% of Vital Distribution Solutions, 50.0% of Staffing Logistics and 50.0% of Vital Fleet for a total of $10.3 million. The companies provide warehouse and distribution services in South Africa.

* UK · 1 July - Stobart Group Limited has acquired Innovate Logistics Limited's chilled and ambient goods operations which offer chilled, deep chilled, frozen and ambient transportation and storage in the U.K. Terms were not disclosed.

* Thailand · 1 July - Siam United Services Public Co. Ltd. announced the acquisition of Siam Pavinee Marine Co., Ltd. for $148,000. Based in Thailand, Siam Pavinee provides marine transportation services.

* Japan · 1 July - All Nippon Airways Co. Ltd. announced the acquisition of 17.6% of All Express Corporation for $13.8 million. All Express provides business to business international express delivery services in Asia.

* Denmark · 3 July - Agility Logistics Ltd. has acquired CF Geologistics A/S, a provider of custom air and ocean freight solutions based in Copenhagen, Denmark. Terms were not disclosed.

* International Deals - Financial Buyers

* Romania · 3 July - Plainfield Asset Management LLC has acquired 10.0% of Mainrom Line Logistics, Ltd. for $2.4 million. Mainrom provides barge service on the Danube from the Romanian port of Giurgiu.

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Jul 3, 2008

TRANSPORTATION NEWS WORLDWIDE - Mergers & Acquisitions

* International Deals

* Slovakia · 23 June - Zeleznicna Spolocnost Cargo Slovakia, A.S. announced the acquisition of CD Cargo, A.S. a railway freight transportation company based in Praha, Czech Republic. Terms were not disclosed.

* Canada · 23 June - Dalmac Oilfield Services, Inc. announced the acquisition of Tinky Rentals Limited Partnership and Tinky Trucking Limited Partnership (the "Tinky Group") for $3.6 million. The Tinky Group transports oilfield rental equipment to oil and gas producers in Alberta and Northeastern British Columbia, Canada.

* UK · 23 June - ACM Shipping Group plc announced the acquisition of Harris & Dixon Shipbrokers Limited for $4.9 million. Based in London, Harris & Dixon specializes in the small tanker brokerage market.

* China · 23 June - Chongqing Gangjiu Co., Ltd. announced the acquisition of Chongqing Port Logistics Group Co., Ltd.'s port assets for $236.5 million. Based in China, Chongqing Port & Logistics Group provides operational facilities at ports.

* Germany · 24 June - Deutsche Bahn AG has acquired the remaining 49.0% of Schenker Industrial Logistics GmbH, its joint venture with Siemens AG. Based in Kelsterbach, Germany, Schenker provides contract logistics solutions for industrial customers in the technology sector. Terms were not disclosed.

* China · 24 June - Wuhan Department Store Group Co., Ltd. has announced the acquisition of 56.7% of Changxin Logistics based in China. Terms were not disclosed.

* Singapore · 25 June - NSL OilChem Services Pte, Ltd. has acquired 50.0% of Hup Eng Tat Enterprises Pt, Ltd. for $730,000. Based in Singapore, Hup Eng Tat collects general and toxic industrial waste and operates hazardous waste disposal facilities.

* Canada · 26 June - RoadLink USA National, LLC announced the acquisition of CP Ships Trucking Ltd., a carrier that owns and operates approximately 240 trucks based in Montreal, Canada. Terms were not disclosed.

* Hungary · 26 June - Waberer's Holding Zrt has acquired 50.0% of Multicont Logisztikai Zrt, a provider of dockyard operations and freight transportation in Hungary. Terms were not disclosed.

* Sweden · 26 June - Oriola-KD Corporation has acquired 12.5% of Kronans Droghandel AB for $941.2 million. Based in Sweden, Kronans Droghandel provides distributive and logistical services to the Scandinavian healthcare and medical markets.

* UK · 27 June - Ashworth Preece has acquired Copps Logistics Co. Ltd., a freight-forwarder based in Wilshire, U.K. Terms were not disclosed.

* Switzerland · 28 June - Deutsche Bahn AG announced the acquisition of 25.0% of BLS Cargo AG for $150.5 million. Based in Bern, Switzerland, BLS Cargo provides international railway cargo services.

From: Transport Intelligence (London,UK) -2 July 2008

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Jun 27, 2008

TRANSPORTATION NEWS WORLDWIDE * Mergers & Acquisitions

* USA - Strategic Buyers - Domestic Deals

· 17 June - Vail Resorts, Inc. announced the acquisition of Colorado Mountain Express for $40.5 million. Based in Edwards, CO, Colorado Mountain Express provides professional ground transportation services.

· 23 June - Republic Services, Inc. announced the acquisition of Allied Waste Industries, Inc. in an all stock transaction valued at $6.1 billion, combining the 2nd and 3rd largest waste management companies in the U.S. Allied had TTM Revenue of $6.1 billion and TTM EBITDA of $1.7 billion.

* Worldwide Deals

* Finland · 16 June - PT Logistiikka Oy has acquired Cargo Therm Finland Oy, a provider of logistics services based in Vantaa, Finland. Terms were not disclosed.

* USA · 18 June - United Parcel Service, Inc. announced the acquisition of the 40.0% of UPS-Korea Express Co. Ltd. it does not own. Korea Express is an international parcel delivery service company based in Seoul, South Korea. Terms were not disclosed.

* Germany · 19 June - Hamburger Hafen und Logistik Aktiengesellschaft ("HHLA") announced the acquisition of joint venture partner Rhenus AG & Co. KG's 50.0% interest in HHLA Rhenus Logistics GmbH, HHLA Rhenus Logistics Altenwerder GmbH & Co. KG and Logistikzentrum Altenwerder. The HHLA-Rhenus companies provide storage, transport and contract logistics services in Hamburg, Germany. Terms were not disclosed.

* Norway · 20 June - Teekay Corporation has acquired the remaining 30.1% of Teekay Petrojarl ASA in a transaction valued at $259.4 million. Based in Trondheim, Norway, Teekay Petrojarl operates the largest FPSO vessel fleet in the North Sea. Teekay Petrojarl had TTM Revenue of $292.8 million and TTM EBITDA of $72.2 million.

* Financial Buyers

* USA · 18 June - Fenway Partners Inc. has acquired Preferred Freezer Services, LLC, a Newark, NJ based provider of refrigerated warehouse storage services throughout the U.S. Preferred had TTM Revenue of $42.7 million.

* Corrections
· In the 6/10/08 edition of Deal Update, we misreported the 6/02 acquisition of a 28% interest in DSV Air & Sea Pvt. Ltd. by Augean plc. In fact, DSV Air & Sea Holding A/S acquired the remaining 28% of DSV Air & Sea Pvt. Ltd... We apologize for the confusion.

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posted by Unknown @ 10:08 AM  0 comments

Jun 5, 2008

TRUCKING INDUSTRY WORLDWIDE * Mergers & Acquisitions

London,UK -Transport Intelligence -4 June 2008: -- Activity for the week of 26 May 2008

Strategic Buyers: Domestic Deals
5/30 - USA - Xpress Global Systems, Inc. has acquired Pinner Transportation, Inc. , a regional carrier based in the Southwest that specializes in floor covering logistics and less-than-truckload service. Terms were not disclosed.

Strategic Buyers: Foreign Deals
5/26 - Malaysia - Konsortium Logistik Bhd announced the acquisition of Asia Pacific Freight System Sdn Bhd for $1.9 million. Based in Malaysia, Asia Pacific Freight System provides freight services through air, sea, rail and road networks.

5/26 - France - Matériaux transports terrassement varois has acquired Transport Hesse. Terms were not disclosed.

5/27 - Holland - TNT Express Holdings B.V. has acquired Aircare Charters and Brokers Ltd for $2.2 million. Based in Kenya, Aircare Charters provides courier services.

5/28 - Dubai/UAE - DP World - UAE has acquired 25% of Chennai Container Terminal Private Limited, a provider of container terminal services based in Chennai, India. Terms were not disclosed.

5/29 - UK - Wincanton plc has acquired Product Support Limited for $59.3 million. Based in Kingswinford, UK, Product Support Limited provides outsourced handling services and packaging solutions.


* Canada - Mullen Buys Fluid, Oilfield Transport Firm

Okotoks,Alberta,Canada -Transport Topics -5 June 2008: -- Canadian transportation firm Mullen Group Income Fund said Thursday it would buy the transport unit of Essential Energy Services Trust for C$135 million... The purchase includes Essential’s fluid hauling and oilfield transport business units, Mullen said in a statement... The fluid hauling business units operate under the name Cascade Services in northern Alberta and northeastern British Columbia provinces and as Jacar Energy Services in southern Alberta, Mullen said...

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posted by Unknown @ 10:51 AM  0 comments

May 28, 2008

TRUCKING INDUSTRY WORLDWIDE * Mergers & Acquisitions

London,UK -Transport Intelligence -27 May 2008: -- Activity for the week of 20 May 2008

5/12: USA - Actionview International Inc. announced the acquisition of Jim Palmer Trucking, Inc., a reefer carrier based in Missoula, MT operating a fleet 350 tractors and 500 trailers in 44 states.? Jim Palmer had TTM revenue of $34.8 million.

5/14: Israel - Merhav Ampal Energy Ltd. announced the acquisition of 15% of Gadot Chemical Tankers & Terminals Ltd. for $15.5 million.? Based in Netanya, Israel, Gadot distributes edible oils and plastics, additives, alcohols, aromatic solvents, esters, minerals, pharmaceuticals, printing inks and textile fibers.

5/15: Japan - Commercial RE Company Ltd. announced the acquisition of Tenko Souken Co., Ltd., a warehousing company based in Atsugi-shi, Japan.? Terms were not disclosed.

5/15: Belgium - Benelux Port Holdings S.a.r.l. has acquired 57% of Westerlund Group NV, a provider of warehousing, transport and logistics services to the pulp and paper industry in Belgium, France, China, and the U.K.? Terms were not disclosed.

5/16: USA - A Clean Environment Company announced the acquisition of Perma-Fix Treatment Services, Inc., a hazardous waste processing facility located in Tulsa, OK, for $1.5 million in cash.

5/19: UK - Cityspace Ltd. has acquired Kizoom Ltd., the UK's leading provider of intelligent travel information systems.? Terms were not disclosed.

STRATEGIC BUYERS - Domestic Transactions
5/22: USA - SuperShuttle International, Inc. has acquired Golden Touch Transportation of NY, Inc., a provider of passenger ground transportation to airlines, universities, hospitals and schools in the metropolitan New York City area. ?Golden Touch had TTM revenue of $27.0 million.

STRATEGIC BUYERS - Foreign Transactions
5/20: China - Changle Century Sunshine Paper Industry Co., Ltd. announced the acquisition of 48.8% of Changle Shenyi Transportation Co., Ltd. ("CSTC") for $0.8 million.? Based in China, CSTC provides general cargo transportation and domestic and international container transportation services.

5/21: Oesterreich - Oesterreichische Post AG has acquired 24-VIP Express Logistics Services d.o.o., a package delivery provider located in Bosnia.? Terms were not disclosed.

5/21: Oesterreich - Oesterreichische Post AG has acquired HSH Holding B.V.B.A., a specialist in non temperature-controlled pharmaceutical logistics based in Stekene, Belgium.? Terms were not disclosed.

5/22: China - China TransInfo Technology Corp. announced the acquisition of 53.3% of China TranWiseway Information Technology Co., Ltd. ("CTIT") for $0.9 million. ?CTIT develops applications for highway and street traffic monitoring projects in China.

5/22: Russia - JSC Sovcomflot made a mandatory offer to acquire the remaining 3.17% stake in Joint Stock Company Novorossiysk Shipping Company for $41.3 million.? Novorossiysk operates vessels for the transportation of container and bulk freight from its base in Novorossiysk, Russia.

FINANCIAL BUYERS
5/14: USA - Wells Fargo & Company announced it is leading an investor group that will acquire IdleAire Technologies Corporation out of Chapter 11 Bankruptcy protection for $385.4 million.? IdleAire, a provider of in-cab services to the heavy-duty trucking industry in the US, had TTM revenue of $34 million.

5/20: USA - The Carlyle Group has acquired ITS Technologies & Logistics LLC, a provider of intermodal terminal operation services based in Hazel Crest, IL.? Terms were not disclosed.

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posted by Unknown @ 3:41 PM  0 comments