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New Deal


Announced

Completed

EVE Partners completed an investment in Integrity Express Logistics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Third Party Logistics (3PL)

Private

Minority

Single Bidder

asset-light provider

third-party logistics

Domestic

Friendly

United States

Private Equity

Acquisition

Completed

Synopsis

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EVE Partners, an investment firm focused solely on the transportation and logistics industry, completed an investment in Integrity Express Logistics, an asset-light provider of third-party logistics. Financial terms were not disclosed. The additional growth would come on top of a strong year in 2020. After the pandemic slowed business early in 2020, the second half of the year was much stronger for IEL. The company ended 2020 with revenue of about $540m. That’s up 37% from 2019’s revenue of $393m.

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