Global Logistics M&A Recap in Partnership with Ti Insight

Europe accounted for the largest number of acquisitions (by target location) in June 2024, with 56% of all acquisitions recorded. North America accounted for 29% of acquisitions, with 10 acquisitions recorded in June. United States was the most active country in terms of acquisitions (by target location), accounting for 9 acquisitions, or 26.5% of all acquisitions recorded. In terms of target services, Logistics and Transportation were the two most popular target services, accounting for a combined 55% of total May acquisitions.

"...We have officially turned the corner on the first half of 2024, and there still appears to be a wait-and-see attitude to the current M&A market. However, some sectors are still seeing major activity. The US Southern Border for customs brokers and domestic transportation, both freight brokers and asset-based carriers, remains strong..." - Ron Lentz, Managing Partner at Logisyn Advisors

"...One interesting acquisition last month was Wakeo's acquisition of Veroo Software from LKW WALTER. Veroo specializes in road transportation management and predictive analytics and adds a new tool to Wakeo's comprehensive suite of multimodal visibility tools. Julien Cote, the CEO of Wakeo, stated that this acquisition marks a..." - Max Ibata-Arens, Director: Technology Sector at Logisyn Advisors

"...In one of the largest deals of the month, UPS has agreed to sell its Coyote Logistics unit to RXO, Inc. for $1.025 bn, continuing its strategic repositioning to focus on its core small package and logistics business. This move follows UPS's 2021 sale of its road freight business. For RXO, the acquisition is..." - Paul Chapman, Senior Editor at Ti

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