Private Equity-Backed Logistics & Distribution Acquisitions

  • Buyer
    Trimlite
    Target
    Harris Door & Millwork LLC
    Type
    Addon

    Trimlite, a platform company backed by Wynnchurch Capital, acquired Harris Door & Millwork, a value-added door distributor serving customers in the Southeast. The JIAN Group advised Harris Door & Millwork in the transaction, and Harris leadership (Scotty Harris Jr. and Devon Miller) will provide continuity post-close while remaining shareholders.

  • Buyer
    Waterland Private Equity
    Target
    Palletways
    Location
    Staffordshire, United Kingdom
    Type
    Buyout

    Waterland Private Equity has entered a strategic partnership and acquired a majority stake in Palletways, Europe’s palletised freight distribution network. The investment is intended to accelerate Palletways’ European expansion and operational excellence, including further investment in technology, infrastructure, and customer experience.

  • Buyer
    Argosy Private Equity, Diverse Logistics
    Target
    Diverse Logistics, Pulse Final Mile
    Location
    United States
    Type
    Addon

    Diverse Logistics and Pulse Final Mile, both portfolio companies of Argosy Private Equity, have completed a merger to form a national, non-asset-based final-mile logistics platform focused on big-and-bulky white-glove delivery and installation. The combined company supports over 850 third-party contract carriers operating from 111 customer distribution centers and runs 15 warehousing/cross-dock facilities to serve retailers and OEMs across the United States.

  • Buyer
    Macquarie Asset Management (led consortium), Co-investors (unspecified within consortium)
    Target
    Qube Holdings Limited
    Seller
    Qube shareholders (excluding UniSuper)
    Location
    Australia
    Type
    Buyout

    Qube Holdings Limited has entered into a binding Scheme Implementation Deed with a consortium led by Macquarie Asset Management to acquire 100% of Qube’s shares via a scheme of arrangement valued at approximately A$11.7 billion. Under the terms, Qube shareholders (other than UniSuper) will receive A$5.20 in cash per share, while UniSuper’s 15.07% stake will be transferred into an equivalent holding structure within the consortium.

  • Buyer
    KJM Capital
    Target
    Brilliant Fulfillment
    Seller
    Commerce Street Capital
    Type
    Buyout

    KJM Capital has acquired Dallas-based Brilliant Fulfillment, a logistics and fulfillment provider with climate-controlled, FDA-registered warehousing in the Dallas–Fort Worth area. Commerce Street Capital (CSC) announced the sale of its client Brilliant Fulfillment as the company seeks its next phase of growth.

  • Buyer
    Advent International, FedEx, A&R Investments, PPF Group
    Target
    InPost
    Seller
    PPF Group (tendering its entire stake and rolling part into the consortium), A&R Investments (expected to roll over its shareholding in full)
    Location
    Poland
    Type
    Buyout

    InPost has agreed to a conditional, recommended all-cash take-private offer valuing the company at about €7.8 billion. The consortium—Advent International, FedEx (via a wholly owned subsidiary), A&R Investments (founded by InPost CEO Rafał Brzoska), and PPF Group—plans to launch an offer for all shares, with expected closing in the second half of 2026.

  • Buyer
    Exponent
    Target
    Optimas International
    Seller
    Optimas Solutions
    Location
    United Kingdom
    Type
    Buyout

    Exponent, a European private equity firm, has reached an agreement to acquire Optimas International, a global distributor of mission-critical fasteners and c-class components with supply chain services. The deal is structured as a carve-out from Optimas Solutions and is subject to employee representative processes and regulatory approvals.

  • Buyer
    Rinchem Company, LLC, Stonepeak
    Target
    Dupré Logistics, L.L.C.
    Type
    Addon

    Rinchem Company, LLC has announced a combination with Dupré Logistics, L.L.C., bringing Dupré’s regional transportation, private fleet and capacity brokerage capabilities into Rinchem’s global chemical and gas logistics platform. The transaction is accompanied by a new-money financing package that includes approximately $100 million of lender investment and amendments to Rinchem’s existing credit facilities; financial terms for the combination were not disclosed.

  • January 23, 2026
    Buyer
    Vector
    Target
    YardView
    Type
    Addon

    Vector has acquired YardView, a yard management and dock visibility provider, to integrate YardView’s real-time yard tracking with Vector’s e-BOL and workflow platform. The deal — enabled through Vector’s partnership with BVP Forge — aims to close visibility gaps during custody transfers, expand capabilities across gate/yard/dock/document workflows, and retain YardView leadership in advisory and operational roles.

  • Buyer
    Oceanus Family Office, Caelus Global Strategy Fund SPC
    Target
    Smart Minds Holdings Limited, Times Express Limited (TEX), H2N Limited
    Location
    Hong Kong

    Smart Kreate Group (SKG) was formed through transactions completed in August 2025 by combining Smart Minds Holdings Limited, Times Express Limited (TEX), and H2N Limited, and is backed by Oceanus Family Office and Caelus Global Strategy Fund SPC. The Hong Kong–headquartered cloud logistics and SaaS group plans to scale into the U.S. market, pursue a Nasdaq listing, and accelerate growth via AI-powered logistics SaaS and expanded global operations.

  • Buyer
    The Access Group
    Target
    MaxOptra
    Location
    England, United Kingdom
    Type
    Buyout

    The Access Group has acquired MaxOptra, a London-based cloud route optimisation and delivery management platform, for an undisclosed sum. MaxOptra serves 450+ fleets and optimises 6,000+ vehicles across multiple sectors; the purchase expands Access's ERP Specialised (Supply Chain & Logistics) portfolio by adding route-planning, telematics integrations, and delivery execution capabilities.

  • Buyer
    Antares Capital, KKR, Investment funds/accounts managed by the company's lenders
    Target
    48forty Solutions

    48forty Solutions completed a financial restructuring that reduces its debt by over 80% and injects $75 million of new capital. Investment funds and accounts managed by the company's lenders — including Antares and KKR — will become majority equity holders; the deal coincides with CEO Mike Hachtman's retirement and the appointment of Dave Russell as Interim CEO.

  • Buyer
    RD Last Mile Holdings, LLC (ADL Final Mile), Red Dog Equity LLC, Monroe Capital LLC, The Pritzker Organization
    Target
    Xcel Delivery Services
    Seller
    Mark Spivack, Kelly Spivack
    Type
    Addon

    RD Last Mile Holdings, LLC (doing business as ADL Final Mile) has acquired Xcel Delivery Services, a Tucson-based final mile and customized logistics provider operating in Arizona and the Southwestern U.S. The deal — backed by Red Dog Equity, Monroe Capital and The Pritzker Organization — brings Xcel's leadership into ADL's Southwest network to expand capacity and service capabilities.

  • Buyer
    Greenbriar Equity Group
    Target
    eShipping
    Type
    Buyout

    Funds managed by Greenbriar Equity Group completed the acquisition of eShipping, a tech-enabled managed transportation and logistics services provider. The private transaction will back eShipping’s expansion of its managed transportation platform and continued investment in its cloud-based technology and product capabilities; terms were not disclosed.

  • Buyer
    Main Street Capital Corporation, UBM ParentCo, LLC (United Business Mail)
    Target
    Mystic Logistics Holdings, LLC
    Seller
    Main Street Capital Corporation
    Location
    United States

    Main Street Capital provided $50.8 million of financing (first‑lien senior secured term debt and minority equity) to UBM ParentCo, LLC (United Business Mail) to facilitate UBM's merger with Mystic Logistics Holdings, LLC. As part of the transaction Main Street exited its debt and equity investments in Mystic and became a lender and minority equity owner in UBM.

  • Buyer
    Freedom Pet Supplies, Novacap
    Target
    Trueman Distribution Ltd.
    Location
    Alberta, Canada
    Type
    Addon

    Freedom Pet Supplies, a Novacap portfolio company, has acquired Trueman Distribution Ltd., a long-standing pet products distributor headquartered in Calgary, Alberta. The add-on purchase gives Freedom Pet a Western Canada hub as part of its strategy to build a truly national distribution network across Canada.

  • Buyer
    Copley Equity Partners
    Target
    Vital Delivery Solutions
    Type
    Buyout

    Copley Equity Partners has acquired Vital Delivery Solutions, a New England provider of healthcare logistics, same-day courier, and temperature-controlled warehousing services. Financial terms were not disclosed; VDS will continue operating under its brand with management in place while leveraging Copley’s resources to expand service offerings and geographic coverage.

  • Buyer
    Slate Asset Management, Hamilton Lane, GFH Partners
    Target
    Cold-Link Logistics
    Type
    Buyout

    Slate Asset Management and Hamilton Lane, with co-investor support from GFH Partners, acquired a majority equity stake in Cold-Link Logistics, a North American cold storage and temperature-controlled logistics platform. Cold-Link’s founders and management will retain a meaningful ownership stake and continue to lead the company as Slate and Hamilton Lane provide capital and asset-management resources to support the company’s growth across the U.S.

  • Buyer
    RPM Freight Systems, LLC, Trive Capital, Bluejay Capital
    Target
    Professional Automotive Relocation Services (PARS)
    Type
    Addon

    RPM Freight Systems has acquired Professional Automotive Relocation Services (PARS), combining RPM's finished-vehicle logistics platform with PARS' fleet relocation and lifecycle services. The deal, backed by RPM investors Trive Capital and Bluejay Capital, expands RPM's service portfolio to include driveaway, vehicle storage, titling and registration; terms were not disclosed.

  • Buyer
    Alliance Solution Group, Novacap
    Target
    Intramodal Warehouses Inc.
    Location
    Quebec, Canada
    Type
    Addon

    Alliance Solution Group, a Novacap portfolio company, has acquired Intramodal Warehouses to expand its warehousing footprint in Quebec. The add-on expands Alliance’s food-grade warehousing capacity (over 500,000 sq. ft. on the Island of Montreal) and creates operational synergies with Alliance’s IntraPAK repackaging division to better serve food and beverage customers across Canada.

  • Buyer
    Main Street Capital Corporation, The Nearshore Company
    Target
    Carmi Companies

    Main Street Capital Corporation invested $27.2 million (first-lien senior secured term debt plus a minority equity stake) in The Nearshore Company to support TNC’s acquisition of the Carmi Companies. The combination brings together TNC’s Mexico-based turnkey manufacturing and warehousing services with Carmi’s transportation, logistics and customs clearance capabilities to create an end-to-end cross-border operations platform.

  • Buyer
    Trax Technologies, Strattam Capital
    Target
    EM6
    Location
    Belgium
    Type
    Addon

    Trax Technologies, a global freight audit and payment platform backed by Strattam Capital, has acquired EM6, a Europe-headquartered freight audit provider. The acquisition expands Trax's coverage and capabilities across Europe, bringing EM6's regional expertise and customers onto Trax's AI-powered Prizma.ai platform.

  • Buyer
    The Integration Group, Maxwell Street Capital Partners
    Target
    North American Warehousing Company
    Type
    Addon

    The Integration Group (TIG), a portfolio company of Maxwell Street Capital Partners, has acquired North American Warehousing Company (NAWC), a Chicago-area provider of specialized warehousing and hazardous materials handling, blending, and container filling. The add-on expands TIG's Midwest footprint and adds regulated, high-value logistics capabilities that complement prior acquisitions (PDM and Matrix Management).

  • Buyer
    BlueGrace Logistics
    Target
    STB Freight Group
    Type
    Addon

    BlueGrace Logistics, a Warburg Pincus–backed 3PL, has acquired STB Freight Group, a Northville, Michigan–based managed logistics and trucking provider. The deal expands BlueGrace's Midwest footprint and brings STB customers access to BlueGrace's managed logistics platform, multimodal services, and proprietary optimization technology.

  • Buyer
    Wind Point Partners
    Target
    Buske Lines Inc.
    Type
    Buyout

    Chicago-based private equity firm Wind Point Partners has acquired Buske Lines Inc., a contract warehousing and supply chain services provider serving food, beverage and CPG customers. Wind Point is partnering with Buske management (led by CEO Nick Heinz), which retains a meaningful ownership stake, to invest in technology, infrastructure and organic and M&A-driven growth across the company’s 37 facilities in the U.S. and Canada.

  • Buyer
    Nexa Equity
    Target
    Cedar AI

    Nexa Equity, a San Francisco-based private equity firm, has made a strategic growth investment in Cedar AI, an AI-powered transportation management system serving railroads and rail shippers. The investment will support Cedar AI’s product development and commercial expansion from its headquarters in Seattle, Washington.

  • Buyer
    FleetPride Inc., American Securities, Platinum Equity
    Target
    TruckPro, LLC
    Type
    Buyout

    FleetPride and TruckPro have completed a merger to form the largest independent distributor and service provider in the heavy‑duty aftermarket, with the combined company operating under the FleetPride name and jointly owned by American Securities and Platinum Equity. The combined business will operate more than 450 locations (110+ service centers) and six distribution hubs across the U.S. and Canada, aiming to expand parts availability, service capacity and digital/ecommerce capabilities.

  • Buyer
    Peli BioThermal, Platinum Equity
    Target
    Evo (SAVSU Cleo Technologies, LLC)
    Seller
    BioLife Solutions, Inc.
    Type
    Addon

    Peli BioThermal, a Platinum Equity‑backed temperature‑controlled logistics provider, acquired the Evo portfolio (SAVSU Cleo Technologies, LLC) from BioLife Solutions for $25.5 million in cash (subject to adjustments). The add‑on expands Peli BioThermal’s cryogenic and cold‑chain offerings—including the evoIS platform—and preserves the Bruce Township, Michigan operations to support Cell & Gene Therapy and pharmaceutical customers.

  • Buyer
    Endeavour, CoPilot Global Logistics Holdings, LLC
    Target
    Mallory Alexander International Logistics, LLC
    Seller
    Members of the Mallory family
    Type
    Buyout

    Endeavour and CoPilot Global Logistics completed a majority investment in Mallory Alexander, with members of the Mallory family retaining an ownership stake. Mallory Alexander will serve as the foundational operating company for a planned scaled global logistics platform, with initial priorities including investments in visibility systems, workforce training, safety programs, and targeted acquisitions to expand capabilities and geographic reach.

  • Buyer
    Thetford Corporation, Monomoy Capital Partners
    Target
    Dave Carter & Associates, Inc.
    Type
    Addon

    Monomoy Capital Partners portfolio company Thetford Corporation has acquired Dave Carter & Associates, a national distributor of electrical, plumbing and building supplies serving the RV and manufactured housing industries. The add-on acquisition (DCA operates 11 distribution centers and is headquartered in Ocala, Florida) nearly doubles Thetford's North American distribution footprint and expands its reach into the manufactured housing sector.

  • Buyer
    Double Barrel Capital
    Target
    Envoy Source, LLC

    Houston-based private equity firm Double Barrel Capital completed a majority recapitalization of Memphis-based third-party logistics provider Envoy Source, LLC, with the transaction closing on August 15, 2025. The recapitalization positions Envoy to scale its high-value packaging, fulfillment, and serialized inventory management capabilities and pursue growth under DBC’s support.

  • Buyer
    BWT Logistics, Argosy Private Equity, Bluejay Capital Partners, LLC, Southfield Capital, Spring Capital Partners
    Target
    RAZR Logistics
    Seller
    Johnson Storage & Moving
    Type
    Addon

    BWT Logistics, a portfolio company of Argosy Private Equity and Bluejay Capital Partners, has acquired RAZR Logistics from parent Johnson Storage & Moving. The acquisition expands BWT's dedicated logistics, on-demand warehousing capabilities and warehouse network, adding RAZR's more than 500 corporate customers; terms were not disclosed.

  • Buyer
    RD Last Mile Holdings, LLC (ADL Final Mile), Red Dog Equity LLC, Monroe Capital LLC, The Pritzker Organization
    Target
    DMC Logistics, LLC
    Type
    Addon

    RD Last Mile Holdings, LLC (doing business as ADL Final Mile), a final-mile delivery platform backed by Red Dog Equity, Monroe Capital and The Pritzker Organization, has acquired DMC Logistics, a regional final-mile and customized logistics provider serving the Southwest U.S. The acquisition expands ADL Final Mile's footprint in the Southwest (adding DMC’s service area across New Mexico, Arizona, Colorado, Nevada, Texas and Utah) as an add-on to its growing platform.

  • Buyer
    FitzMark LLC
    Target
    Hometown Logistics LLC
    Type
    Addon

    FitzMark LLC, a Calera Capital‑backed third‑party logistics provider headquartered in Indianapolis, acquired Hometown Logistics LLC, a truckload transportation services provider based in Indianapolis, on September 2, 2025. The add‑on deal expands FitzMark’s dry van and flatbed offerings and brings Hometown’s leadership and ~100+ employees into the FitzMark platform; financial terms were not disclosed.

  • Buyer
    FTV Capital, Lead Edge Capital
    Target
    Highway

    Highway, a Carrier Identity platform for freight brokers, received a strategic minority growth equity investment led by FTV Capital with participation from Lead Edge Capital. The capital will be used to accelerate product diversification, expand go-to-market efforts, and scale Highway's Carrier Identity solutions across the freight broker ecosystem.

  • Buyer
    Springcoast Partners, Morgan Stanley Investment Management (1GT), Edison Partners
    Target
    Overhaul

    Overhaul, an Austin-based in-transit supply chain risk management platform, raised $105 million in a Series C round led by Springcoast Partners with participation from Edison Partners and Morgan Stanley Investment Management's 1GT strategy. The financing (and an accompanying debt facility with MidCap Financial) will fund platform innovation, AI-driven capabilities, and a strategic acquisition roadmap to expand Overhaul's real-time supply chain risk and inventory intelligence offerings.

  • Buyer
    Echo Global Logistics
    Target
    FreightSaver
    Type
    Buyout

    Echo Global Logistics has acquired FreightSaver, a Huntington Beach–based third-party logistics (3PL) provider that offers freight brokerage, managed transportation, and tech-enabled freight solutions. The acquisition expands Echo's managed transportation capabilities and geographic footprint across North America; terms were not disclosed.

  • Buyer
    FAST Group, Federation Asset Management
    Target
    ACI Logistix, FirstMile, Sendle

    FirstMile, ACI Logistix and Sendle have merged to operate as a unified holding company called FAST Group, with the transaction backed by an investment from Federation Asset Management. The combination creates an integrated logistics ecosystem—headquartered in California—that combines FirstMile's first-mile pickup network, ACI Logistix's enterprise-grade sortation and distribution capabilities, and Sendle's tech-enabled parcel services for small businesses and international markets.

  • Buyer
    Fenix Parent LLC (Fenix Parts), Stellex Capital Management LLC
    Target
    Grade A Auto Parts
    Type
    Addon

    Fenix Parent LLC (operating as Fenix Parts), a Stellex Capital-backed auto recycler and OEM parts reseller, has acquired Grade A Auto Parts, a Louisville, Kentucky-based automotive recycling and parts reseller with locations across the Midwest and Central U.S. The deal expands Fenix's geographic footprint and distribution capabilities in Kentucky, Missouri, Ohio, Tennessee and Indiana and adds Grade A CEO Sean Garber to the Fenix board.

  • Buyer
    PrimeFlight Aviation Services, The Sterling Group, Capitol Meridian Partners
    Target
    StratAir (cargo handling operations)
    Seller
    Saltchuk Aviation
    Type
    Addon

    PrimeFlight Aviation Services, a portfolio company of The Sterling Group and Capitol Meridian Partners, has acquired StratAir’s cargo handling operations at Miami International Airport (MIA), Richmond International Airport (RIC), and Luis Muñoz Marín International Airport (SJU). The deal expands PrimeFlight’s cargo handling footprint and capacity—adding StratAir’s facilities (including a 120,000 sq. ft. third‑party handling complex at MIA) and experienced personnel to PrimeFlight’s growing global cargo network.

  • Buyer
    The Integration Group, Maxwell Street Capital Partners
    Target
    Matrix Management
    Type
    Addon

    The Integration Group (TIG), a Maxwell Street Capital Partners portfolio company, has acquired Chicago-based Matrix Management to expand its aftermarket assembly, kitting, and e-commerce fulfillment capabilities. The deal is an add-on to TIG's buy-and-build strategy to broaden end-to-end aftermarket supply-chain services for OEMs and distributed dealer networks across agriculture, construction, lawn-and-garden and industrial markets.

  • Buyer
    Carr's Hill Capital Partners Management, LP (Carr's Hill)
    Target
    TCI Tank Logistics, LLC (Freedom Intermodal)
    Seller
    Management (company management), The Jensen Companies

    Carr's Hill Capital Partners completed a majority recapitalization of TCI Tank Logistics, LLC (doing business as Freedom Intermodal) in partnership with company management and The Jensen Companies. Freedom Intermodal, based in New Orleans, provides ISO tank and rail services, transloading, depot services and bulk liquids logistics across Gulf Coast ports; Carr's Hill will invest in people, systems, equipment and pursue organic growth and strategic add-on acquisitions to expand the business.

  • Buyer
    Cognosos
    Target
    Cox 2M (including GearTrack)
    Seller
    Cox Communications
    Type
    Buyout

    Cognosos has acquired Cox 2M (including the GearTrack product line) from Cox Communications to deepen its AI-driven real-time location and asset visibility capabilities. The deal brings vehicle telemetry, LTE/LoRa-compatible sensors and IoT engineering talent into Cognosos, expanding its reach across automotive, healthcare and logistics end markets.

  • Buyer
    Compass Group Equity Partners
    Target
    The Illuminate Group
    Type
    Buyout

    St. Louis-based private equity firm Compass Group Equity Partners has partnered with Tampa-based The Illuminate Group, a cold chain design, testing and passive packaging provider focused on last-mile pharmaceutical logistics. Compass will provide capital and operational support to expand Illuminate’s R&D and testing capacity, double office/testing space, build out ERP and sales capabilities, and accelerate product development and market expansion.

  • Buyer
    Rent-A-Container, Kinderhook Industries, LLC
    Target
    The Eagle Leasing Company
    Seller
    The Eagle family / The Eagle Leasing Company owners
    Type
    Addon

    Rent-A-Container, a Kinderhook Industries portfolio company, has acquired The Eagle Leasing Company, a family-owned provider of portable storage containers, semi-trailers and ground level offices in the Northeast U.S. The deal expands RAC's geographic footprint and operating scale, creating one of the largest independent portable storage and GLO leasing networks in the Eastern United States.

  • Buyer
    AFC Industries
    Target
    Cavanaugh Government Group
    Type
    Addon

    AFC Industries, a PE-backed industrial distributor, has acquired Cavanaugh Government Group, a Chicago-area supplier specializing in parts and logistics for military and defense applications. The acquisition expands AFC’s aerospace and defense capabilities and adds vendor-managed inventory and government-focused distribution expertise to its platform; terms were not disclosed.

  • Buyer
    MML Keystone (MML Capital)
    Target
    Close Brewery Rentals Limited (trading as ekeg)
    Seller
    Close Brothers Group plc
    Location
    England, United Kingdom
    Type
    Buyout

    MML Keystone (part of MML Capital) has acquired Close Brewery Rentals Limited (CBRL) from Close Brothers Group plc and carved the business out as an independent platform to be rebranded ekeg. MML will provide capital and operational support to accelerate digitisation, expand geographically, and scale the keg-pooling, leasing and cleaning platform across the UK & Ireland and beyond.

  • Buyer
    Diverse Logistics, Argosy Private Equity
    Target
    Massiano Logistics
    Type
    Addon

    Diverse Logistics, an Argosy Private Equity portfolio company, has acquired Massiano Logistics, a white-glove final-mile delivery, warehousing and distribution specialist headquartered in Orlando, Florida. The add-on expands Diverse’s big-and-bulky final mile network and regional density across the Southeastern and Mid-Atlantic U.S., supporting scale and service expansion for furniture retailers, 3PLs and designers.

  • Buyer
    Lazer Logistics
    Target
    GATT Yard Spotting Services
    Type
    Addon

    Lazer Logistics has acquired GATT Yard Spotting Services, marking Lazer’s 12th strategic acquisition as it expands service density and geographic reach across the U.S. The deal adds 10 sites across six states (Florida, Georgia, Indiana, Mississippi, North Carolina and Virginia), including entry into West Palm Beach, FL and Roanoke, VA, and will be integrated into Lazer’s yard management platform to preserve customer continuity and scale operations.

  • Buyer
    BNP Associates, Inc., Godspeed Capital Management LP
    Target
    Establish, Inc.
    Type
    Addon

    BNP Associates, a Godspeed Capital-backed air transportation design and engineering firm, has acquired Establish, a New York–headquartered consulting firm specializing in warehousing and supply chain logistics. The add-on expands BNP's capabilities in logistics, warehousing and supply chain analytics, enabling cross-selling of services to BNP's aviation clients and enhancing the platform's end-market reach.

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