In a positive development for the logistics sector, a leading company has successfully acquired a terminal management services provider and its affiliated entities in a strategic cash deal valued at $193.6 million. This acquisition encompasses a key player that offers a wide range of services across North America, including terminal management, crane and intermodal equipment repair, drayage, and container and chassis stacking.
The acquired company reported impressive total operating revenues of $230.2 million for the twelve months ending August 31, underscoring its strong position in the logistics market. This strategic move is set to enhance the acquiring company’s operational capabilities, enabling it to provide even more comprehensive and efficient supply chain solutions.
With this expansion, the logistics firm is poised to better serve its clients and strengthen its footprint in the industry. It operates multiple subsidiaries that deliver customized transportation and logistics solutions throughout the United States and in international markets, including Mexico, Canada, and Colombia.
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