Translink Corporate Finance acted as the exclusive financial advisor to the shareholders of LVT Moto on the majority stake sale to Lagermax Group. The transaction will see Lagermax Logistics Austria GmbH take over the Spanish motorcycle logistics, thus further expanding its European network in two-wheeler logistics.
Translink Corporate Finance is pleased to announce the successful completion of ID Logistics’ acquisition of Spedimex, a renowned family-owned Polish company. This milestone was reached after receiving approval from the Polish antitrust authorities, and marks one of the most important transactions in the logistics industry in the CEE region in recent years.
Holon Translink in Poland, together with Translink in France finalised the sale of 100% of the shares of the Polish family-owned company Spedimex – a local leader in contract logistics specialising in serving the e-commerce, fashion, and beauty industries. The investor is French company ID Logistics, a leading European player in contract logistics.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (“Knight-Swift”), acquired 100% of the equity interests of Kansas City, Missouri-based UTXL, Inc. (“UTXL”). UTXL is a premier third-party logistics company, specializing in over-the-road full truckload and multi-stop loads in any length of haul throughout the United States, Canada, and Mexico. The purchase price consideration was approximately $22.5 million, a portion of which was placed in escrow to secure indemnification obligations. The purchase price consideration is subject to a customary working capital adjustment and additional potential deferred payments over the next two years. UTXL generated over $100 million in operating revenue last year, contributing to an operating ratio in the low-90s. Knight-Swift CEO, Dave Jackson, conveyed the following, “The UTXL team’s excellence in providing customer-specific solutions will be an invaluable complement to our Knight-Swift transportation service offerings. UTXL provides outstanding and unique customer service with some of the truckload industry’s most demanding service requirements. Knight-Swift will support the UTXL brand and independent operations, consistent with previous acquisitions, while leveraging technology and economies of scale to create synergies.” Paul Schultz, UTXL CEO, commented, “When the UTXL ownership group first discussed selling, we made it clear that the future of our people and the cultural fit would be imperative to further discussions with potential buyers. At UTXL we are committed to pursuing perfection and achieving excellence, and we found a similar focus within the Knight-Swift team. We additionally recognized Knight-Swift’s commitment to employee development and success, as well as their empowerment of regional management teams, which strongly aligns with our UTXL goals. Once UTXL and Knight-Swift began discussions, we quickly realized that we found a dynamic leadership team to support us, as we gain momentum in growing our business and continue to strengthen the UTXL brand. We are proud of our accomplishments at UTXL and excited for the opportunities that are ahead of us, as we embark upon this journey with the Knight-Swift team.”
Advisors
Scudder Law Firm, P.C., L.L.O. of Lincoln, Nebraska served as transaction and legal advisor and Translink served as financial advisor to Knight-Swift. Dysart Taylor Cotter McMonigle & Brumitt, P.C. of Kansas City, Missouri served as legal counsel to UTXL.
About Knight-Swift
Knight-Swift Transportation Holdings Inc. is a provider of multiple truckload transportation and logistics services using a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating the country’s largest tractor fleet, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to its customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.
Michael A.
Dinan
Managing Partner
mdinan@translinkcf.com
MOHIT
MEHTA
DIRECTOR
mmehta@translinkcf.com
American Trailer Rental Group (ATRG) is a family of companies with a rental fleet approaching 16,000 units representing some of America’s most respected regional trailer rental providers. We operate under the Meisler Trailer Rental (Meisler), First in Trailer Service (FITS), Fleet Trailer Rental (Fleet), Advantage Trailer Rental (Advantage), and Arizona Storage Trailer Rental brands with operations in Evansville IN, Nashville, and Memphis, TN, Walton and Louisville, KY, Cincinnati and Columbus OH, Kansas City, KS, St. Louis, MO, Dallas, Houston, Austin, San Antonio and Longview, TX, and Phoenix, Flagstaff, and Tucson, AZ. Thanks to the continued support of our equity sponsor, Milton Street Capital (www.miltonstreetcap.com) and the outstanding work of our associates across all of our locations, we are pursuing an aggressive growth strategy that is rooted in both acquisitions and greenfield pursuits. Today’s announcement represents our sixth acquisition since Milton Street’s formation of the American Trailer Rental Group in June of 2017. This event, coupled with our greenfield initiatives, brings our total number of rental locations to 17 and our rental fleet has grown to nearly 16,000 units. Today we are pleased to announce that we have completed the acquisition of Ervin Equipment’s rental fleet in Laredo, Texas. This deal adds a location in the key south Texas market for our Advantage Trailer Rental brand. The Laredo location will be led by Nicole Roberts, who is also the General Manager of our Austin and San Antonio locations. She is an experienced veteran of the trailer business and is fluent in Spanish to assist our Spanish speaking customers in this market. CEO Jonathan Brooks said, “This important expansion advances our strategic objective to build a national footprint via greenfield developments and strategic acquisitions. With this location we now have a presence in another key market in Texas.”
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.
Michael A.
Dinan
Managing Partner
mdinan@translinkcf.com
MOHIT
MEHTA
DIRECTOR
mmehta@translinkcf.com
American Trailer Rental Group (ATRG) is a family of companies with a rental fleet approaching 13,000+ units representing some of America’s most respected regional trailer rental providers. We operate under the Meisler Trailer Rental (Meisler), First in Trailer Service (FITS), Fleet Trailer Rental (Fleet) and Advantage Trailer Rental (Advantage) brands with operations in Evansville IN, Nashville, and Memphis, TN, Walton and Louisville, KY, Cincinnati and Columbus OH, Kansas City, KS, Dallas, Houston, Austin, San Antonio and Longview, TX. Today we are proud to announce ATRG has completed the acquisition of Arizona Storage Rental, (ASR) based in Phoenix, Arizona, with additional locations in Flagstaff and Tucson. Thanks to the continued support of our equity sponsor, Milton Street Capital and the outstanding work of our associates across all of our locations, we are pursuing an aggressive growth strategy that is rooted in both acquisitions and greenfield pursuits. Today’s announcement represents our fifth acquisition since Milton Street’s formation of the American Trailer Rental Group in June of 2017. This event, coupled with our greenfield initiatives, brings our total number of rental locations to 13 and our rental fleet is now approaching 16,000 units. Arizona Storage Rental was founded in 1979 with a single location in Phoenix, and later opened a location in Flagstaff in 1980. Given the success in Phoenix and Flagstaff, the business ultimately expanded to Tucson in 2004. These three locations have over 3,000 units in their fleet. We are also pleased to announce that ASR and industry veteran John Schlueter will join our team as the General Manager for these three additions to our footprint. John has 25+ years of experience in the trailer leasing/rental business. We are grateful for him to be a part of our leadership team. ATRG CEO Jonathan Brooks said, “With the addition of Arizona Storage Rentals (ASR), ATRG continues its strategy to build a national family of brands supporting our customers throughout their supply chains with high quality storage, cartage and over the road trailer solutions. Building upon the 40+ year heritage of ASR we are excited to enter the high growth Southwest region of the US. Terri Hackett and the team at ASR have built a wonderful, customer centric business. We are committed to being good stewards of the foundation that has been established as we focus on growing the ASR brand.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.
Michael A.
Dinan
Managing Partner
mdinan@translinkcf.com
MOHIT
MEHTA
DIRECTOR
mmehta@translinkcf.com
Translink Corporate Finance announces the sale of riscLOG Solution GmbH, a software development company, specialized in cloud based claim management software for the logistics industry, to private investors. Translink acted as the exclusive financial advisor to the seller. riscLOG Solutions, founded in 2002, develops several software solutions for insurance companies. Focus product is “ClaimX”, one of the leading cloud based claim management software solutions for the logistics industry. The owners of riscLOG have opted for a succession solution to secure further company growth.
Contact our Team Members advising in this transaction:
Translink Corporate Finance GmbH & Co. KG with its offices in Frankfurt and Bremen covers Translink’s business in Germany, Austria and Switzerland. It is composed of seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.
Andreas
Hüchting
Board Member Translink International
CEO Translink Germany
ahuechting@translinkcf.com
Christian
Hörner
Partner
choerner@translinkcf.com
Tilman Georg
Eckstein
Partner
teckstein@translinkcf.com
Translink Corporate Finance announces the acquisition of 51% of MOTEX Mode-Textil-Service Logistik und Management GmbH, a German service provider of fashion logistics for hanging goods, by BLG LOGISTICS Group AG & Co. KG, a leading European company in the logistics industry. Together the companies offer their customers complete and comprehensive solutions in the area of fashion logistics. Translink acted as the exclusive financial adviser to BLG Handelslogistik GmbH & Co. KG. Motex was founded in 1991 as a subsidiary of Adler Modemärkte GmbH and is specialized in fashion logistics. The company has around 500 employees and is an established player in the niche market encompassing fashion logistics for hanging goods. Its well-known clientele includes Adler und Steilmann and Ahlers AG.
Contact our Team Members advising in this transaction:
Translink Corporate Finance GmbH & Co. KG with its offices in Frankfurt and Bremen covers Translink’s business in Germany, Austria and Switzerland. It is composed of seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.
AndreasHüchting
Managing Partner Translink Germany
ahuechting@translinkcf.com