July 2024 Acquisitions
Global Logistics M&A Recap in Partnership with Ti Insight
Europe accounted for the largest number of acquisitions (by target location) in July 2024, with 46% of all acquisitions recorded. North America accounted for 39% of acquisitions, with 11 acquisitions recorded in July. The United States was the most active country in terms of acquisitions (by target location), accounting for 7 acquisitions, or 25% of all acquisitions recorded. In terms of target services, Logistics and Transportation were the two most popular target services, accounting for a combined 50% of total July acquisitions.
"...There have been rumors surrounding the potential sale of MercuryGate for a while, and the ultimate buyer is extremely interesting; Körber Supply Chain Software is a joint venture between KKR Group Körber AG. This acquisition is both an aggressive play for..."
- Max Ibata-Arens, Director: Technology Sector at Logisyn Advisors
"...As is sometimes the unfortunate reality in the world of business, one man’s misfortunate is often another’s opportunity. Knight-Swift’s acquisition of Dependable Highway Express’ regional less-than-truckload (“LTL”) division is a prime example of that. Yellow’s bankruptcy in August of last year left a massive void in the LTL market..."
- Marijan Ljubic, Director: T&L at Logisyn Advisors
"...UPS’s acquisition of Estafeta is a strategic move aimed at capitalizing on Mexico’s growing importance in global trade and the ongoing trend of nearshoring. By acquiring Estafeta, UPS significantly strengthens its presence in the Mexican market and enhances its ability to..."
- Paul Chapman, Senior Editor at Ti