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Thursday, October 23, 2014 2:27:35 PM
Nearly 40 percent of the major deals monitored by PwC occurred in the trucking and logistics sectors, the company said in its quarterly analysis released today. Though trucking and logistics companies are typically smaller in size, the report shows the average deal was valued at $283 million.
Trucking deals primarily focused on adding capacity and enhancing logistics offerings, PwC said. The pace of trucking deals hasn’t slowed: In October alone, announcements included Daseke's merger with Lone Star Transportation, which will expand Daseke's capacity by about 20 percent and push its business into Mexico, and Knight Transportation's $112.4 million acquisition of Barr-Nunn Transportation. Smaller fleets are increasingly being pushed out of the market.
http://www.joc.com/international-logistics/trucking-deals-driving-transportation-ma-growth-pwc-says_20141023.html
PwC forecasts “robust” motor carrier deal making
“The environment for trucking is improving which makes some of these deals more attractive,” Jonathan Kletzel, PwC’s transportation & logistics leader, told Fleet Owner. “In many cases a rationale for M&A can be made based upon higher growth and profit potential.”
http://fleetowner.com/fleet-management/pwc-forecasts-robust-motor-carrier-deal-making
Maybe Carlyle had to get out to make way for a deal of which they can not be part of.
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