Announced
Completed
Financials
Sources
Tags
Acquisition
Private
logistics
Friendly
United States
logistics company
Majority
Completed
freight
Single Bidder
Third Party Logistics (3PL)
Cross Border
Synopsis
Kerry Logistics, a logistics services provider, completed the acquisition of a 41% stake in Apex Group, a freight and logistics services provider, for $150m. "This is a crowning achievement for Kerry Logistics, and we are pleased to have worked with them closely as part of their overall global M&A strategy to purchase the remaining stake it did not already own. The acquisition solidifies the Company’s US presence and we congratulate them on this transaction," Heng Loong Cheong, Kerry Logistics Partner.
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