Logistics & Distribution Divestitures in 2019
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December 18, 2019
- Buyer
- Institutional investors advised by J.P. Morgan Asset Management, J.P. Morgan Asset Management (advisor)
- Target
- Contanda LLC
- Seller
- EQT Infrastructure, EQT Infrastructure II fund
- Industry
- Logistics & Distribution
- Location
- Texas, United States
- Type
- Divestiture
EQT Infrastructure II has completed the sale of Contanda LLC, a Houston-based provider of liquid bulk storage and logistics services, to institutional investors advised by J.P. Morgan Asset Management. Contanda operates 15 terminals in North America with over seven million barrels of capacity and ~275 employees; the sale represents a PE exit after a period of growth and capacity expansion under EQT's ownership.
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December 9, 2019
- Buyer
- Nalka Invest AB
- Target
- Best Transport Holding AB
- Seller
- Valedo Partners Fund II AB, Minority shareholders
- Industry
- Logistics & Distribution
- Location
- Stockholm County, Sweden
- Type
- Divestiture
Nalka Invest AB has acquired Best Transport Holding AB (Best), the Nordics' leading provider of express and same-day last-mile delivery services, from Valedo Partners Fund II AB and minority shareholders. The terms were not disclosed; Best has grown significantly under Valedo's ownership, expanding into Norway and Denmark and completing multiple add-on acquisitions.
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November 7, 2019
- Buyer
- SIRVA, Inc.
- Target
- Cartus (Relocation business / relocation assets)
- Seller
- Realogy Holdings Corp.
- Industry
- Logistics & Distribution
- Location
- Connecticut, United States
- Type
- Divestiture
SIRVA, Inc. entered into a definitive agreement to acquire the relocation assets of Cartus from Realogy Holdings Corp.; the deal excludes Cartus' Affinity and Broker Services businesses and was expected to close in the first half of 2020 pending approvals. The acquisition expands SIRVA's global relocation and moving capabilities, combining technology, broker networks and household goods capacity to enhance service and scale for corporate clients and relocating employees.
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June 26, 2019
- Buyer
- Littlejohn & Co.
- Target
- Kaman distribution unit
- Seller
- Kaman Corp.
- Industry
- Logistics & Distribution
- Location
- Connecticut, United States
- Type
- Divestiture
Littlejohn & Co. has completed the $700 million acquisition of Kaman Corp.'s distribution unit, transferring roughly 2,200 employees across about 220 U.S. locations and Puerto Rico to Littlejohn's industrial portfolio. Kaman said the divestiture lets it refocus on its core aerospace and engineered products businesses while Littlejohn expands its industrial distribution holdings.
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