The report under provides a great overview of the third quarter M&A exercise within the Transport, Logistics and Provide Chain Trade Sector. M&A exercise for North American primarily based goal firms within the Transportation and Logistics sector for Q2 2019 included 71 closed offers, in line with information printed by trade information tracker FactSet.
One of many notable center market transactions within the sector closed in June when Aurora Capital Group LP acquired Petroleum Service Corp from SGS SA for US$335 million. Based in 1991, Aurora Capital Group is a non-public fairness agency positioned in Los Angeles. Petroleum Service Corp. supplies loading and unloading companies for the refining, chemical and marine transportation industries. It presents tinkering barges, working docks, switching railcars, materials packaging and warehousing companies. The corporate was based in 1952 and is headquartered in Baton Rouge, LA.
The typical US retail worth for diesel and common gasoline, a serious working price for trucking fleets, fell 6.four% and seven.7%, respectively, within the week ending August 12, 2019, in comparison with the identical week in 2018.
Whole US producers’ shipments, an indicator of the amount of products shipped by truck, rose 1.9% year-to-date in June 2019 in comparison with the identical interval in 2018.
Whole US income for common freight trucking rose 2.zero% within the first quarter of 2019 in comparison with the earlier yr.
Posted by Peter Heydenrych.
Learn the Complete Transport, Logistics and Provide Chain third Quarter Publication Right here