Transportation Acquisitions in Rhode Island

  • Buyer
    Tag Agency Professionals (TAP)
    Target
    EZDMV
    Industry
    Transportation
    Type
    Buyout

    Tag Agency Professionals (TAP), a St. Petersburg, Florida-based title and registration services provider, has acquired EZDMV, a Middletown, Rhode Island-based private tag agency specializing in fleet services. The deal adds EZDMV's fleet operations across 16 states (expanding TAP into 8 new states) and will retain founder Dennis Sullivan and the existing management team to help scale TAP's national network.

  • Buyer
    OIA Global
    Target
    JF Moran
    Industry
    Transportation
    Type
    Buyout

    OIA Global has acquired JF Moran, a U.S.-based customs brokerage and freight forwarding firm, to strengthen its North American customs compliance and trade expertise. The deal expands OIA's footprint and capabilities in customs brokerage, foreign-trade-zone services, and regulatory trade compliance across key end markets including retail, energy and automotive.

  • Buyer
    Pangaea Logistics Solutions Ltd.
    Target
    Nordic Bulk Partners LLC
    Seller
    HS Nordic LLC
    Industry
    Transportation
    Type
    Buyout

    Pangaea Logistics Solutions Ltd. entered into a definitive agreement to buy the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC for $17.2 million in cash. The deal will give Pangaea 100% ownership of Nordic Bulk Partners’ ice class dry bulk vessel fleet and is expected to close by November 1, 2024 subject to customary conditions.

  • Buyer
    Lynx FBO Network, The Sterling Group
    Target
    Northstar Aviation (FBO assets at Theodore Francis Green State Airport)
    Seller
    Northstar Aviation
    Industry
    Transportation
    Type
    Addon

    Lynx FBO Network, a portfolio company of The Sterling Group, acquired the FBO assets of Northstar Aviation at Theodore Francis Green State Airport (PVD) in Providence, Rhode Island. The deal is an add-on that expands Lynx's Northeast / East Coast footprint, marking the company's ninth FBO location and continues Sterling-backed network consolidation in general aviation services.

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