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New Deal


Announced

Completed

Southfield Capital-backed Alba Wheels Up completed the acquisition of John A. Steer.

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

Acquisition

Majority

Private Equity

Completed

Friendly

Single Bidder

customs broker

Transportation Services

Domestic

Private

Synopsis

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Southfield Capital-backed Alba Wheels Up, a provider of customs brokerage, freight forwarding, trade compliance and other logistics services, completed the acquisition of John A. Steer, a provider of customs brokerage, logistics and transportation solutions. Financial terms were not disclosed. "This acquisition marks a significant milestone for Alba as we continue to expand our footprint in the customs brokerage and broader logistics sector. We are excited to welcome the talented team from Steer. Our combined expertise and resources will create a powerhouse of global customs brokerage and logistics services. Clients of both Alba and Steer can expect an enhanced and seamless experience," Damien Stile, Alba CEO.

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