Announced
Financials
Sources
Tags
Private
Majority
Single Bidder
United States
Pending
Acquisition
Friendly
supply chain management
logistics solutions
Third Party Logistics (3PL)
Private Equity
Domestic
Synopsis
Apollo Global Management agreed to acquire a majority stake in Transportation Partners & Logistics, a provider of logistics, transportation, and supply chain management solutions serving renewable energy and industrial markets, for $183m. "We are excited to join forces with Takkion and Apollo. The combination is a highly strategic decision that brings together the unique strengths of the great company that we have built, and the deep resources of Takkion and Apollo to deliver best-in-class logistics and supply chain services to our customers across North America," Jim Orr, TP&L President.
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