2 Acquisitions of Companies in the Freight Service Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Freight Service industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Freight Service industry.

Tianjin Hanuowei acquired by Yongtaiyun

Details about the transaction:

Acquisition amount:

$26,627,262

Announcement:

23 August 2022

Details about the company:

A logistics management service provider, Tianjin Hanuowei primarily develops a supply chain logistics management platform.

Headquarter:

Tianjin, Guangdong, China

Where to find them:

Industry:

Freight Service, Logistics, Transportation

Details about the buyer:

Yongtaiyun is a platform that offers solutions for every part of the logistics supply chain for hazardous chemicals.

Headquarter:

Ningbo, Zhejiang, China

Where to find them:

Metropolitan Trucking acquired by Pam Transport

Details about the transaction:

Acquisition amount:

$77,400,000

Announcement:

14 June 2022

Details about the company:

Road transportation services are offered by Metropolitan Trucking.

Headquarter:

Saddle Brook, New Jersey, United States

Where to find them:

Industry:

Freight Service, Logistics, Transportation

Details about the buyer:

Pam Transport provides top-notch travel services with an emphasis on logistics, hiring, and equipment sales.

Headquarter:

Tontitown, Arkansas, United States

Where to find them: