October 2023 Acquisitions

Global Logistics M&A Recap in Partnership with Ti Insight

Europe accounted for the largest number of acquisitions (by target location) in October 2023, with 42.2% of total M&A activity in this region. The UK accounted for the most acquisitions in Europe, with 11.1% of acquisitions, followed by The Netherlands. The United States alone accounted for 31.1% of acquisitions in October. Overall, North America and Europe combined accounted for 80% of the transaction count in October.

"...Having just returned from Freightwaves’ F3: Future of Freight Festival, operators’ expectations for the future have a fascinating stark contrast. Some foresee the freight market declining further in 2024, while others expect a healthy recovery. Regardless of where one falls on that spectrum, October has illustrated that high-quality assets are still being acquired, and deals with sound strategic rationale will continue to get done..." - Marijan Ljubic, Executive Sponsor at Logisyn Advisors

"...Judging from recent deals like Scan Global Logistics' acquisition of ENK Logistics Group and Global Critical Logistics' acquisition of Time Frame Logistics, buyers and investors seem opportunistic, wanting to look ahead with accretive acquisitions and spearhead freight consolidation. Indications are container traffic has improved, and the market is looking more active..." - Nikhil Sathe, Managing Director at Logisyn Advisors

"...UPS acquired Happy Returns, a US-based software and reverse logistics company, from PayPal...The combination of Happy Returns’ ‘Return Bars’ and UPS’ established small package network and UPS Store locations gives US consumers more than 12,000 locations to return items – and also the potential to expand the software and processes outside of the US..." - Paul Chapman, Senior Editor at Ti