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New Deal


Announced

Completed

WFS completed the acquisition of Pinnacle Logistics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

aviation

Industrial Distribution

Single Bidder

Completed

Majority

trucking

Private

United States

Domestic

Synopsis

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WFS, an air cargo handler and ground handling and technical services provider, completed the acquisition of Pinnacle Logistics, a trucking and aviation services provider. Financial terms were not disclosed. "The acquisition of Pinnacle Logistics enhances our core cargo and express cargo handling value proposition to customers, and Pinnacle’s established trucking logistics business further expands our service offering. Pinnacle’s people bring renowned experience and expertise, great service quality, and long-standing customer relationships with them to WFS. This acquisition is a strong strategic and cultural fit for WFS and we are delighted to welcome the Pinnacle team to WFS," Michael Simpson, WFS EVP Americas.

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