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Announced

Completed

Lineage Logistics completed the acquisition of Turvo.

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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United States

Majority

Private

Acquisition

transport

Single Bidder

logistics

Third Party Logistics (3PL)

Domestic

Friendly

Completed

Synopsis

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Lineage Logistics, a logistics solutions provider, completed the acquisition of Turvo, a real-time collaborative logistics platform. Financial terms were not disclosed. “With backing from Lineage and Bay Grove, Turvo will accelerate innovation with much greater reach and scale than ever before, further advancing supply chain digitization globally. Our customers will benefit from greater investments into our vision and our technology,” Scott Lang, Turvo CEO.

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