Global Capital Markets, Inc. (“Global Capital”) is pleased to announce that it has served as exclusive financial advisor to Deco Logistics, Inc. (which conducts business as Container Connection) and Oaktree Logistics, Inc. (collectively “Container Connection”) in its sale to Universal Logistics Holdings, Inc. (NASDAQ: ULH), a leading asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada and Colombia.
> Headquartered in Riverside, California, Container Connection offers drayage services to the Ports of Los Angeles and Long Beach by utilizing a network of over 230 IC drivers.
> For the year ended Dec 31, 2017, Container Connection reported total operating revenues of $55.5 million. The cash purchase price was $60 million, subject to customary post-closing adjustments.
> Container Connection will operate as a subsidiary of Universal Intermodal.
"I was very pleased with Global Capital Markets’ battle tested expertise, tenacity, and professionalism. They oversaw every step of a robust process that was thoroughly planned yet responsive in navigating evolving industry challenges. Global Capital’s diligence and persistence resulted in a clean deal with great valuation. Nothing is left to chance - shortcuts are not in their playbook. I would highly recommend Global Capital Markets to manage your most important transaction."
James Horvitz - President, Container Connection
Global Capital remains active in the Transportation and Logistics Industry where there continues to be substantial capital looking for outstanding companies. We welcome your input on transaction dynamics in general as well as specific opportunities in particular.
For More Information
Mark Wilser, Principal MW@GlobalCapitalMarkets.com
Tel (949) 252-4600 x225
About Global Capital
As a middle market investment banking boutique, Global Capital provides mergers and acquisition advisory services, access to corporate debt and equity capital, and strategic advisory services to successful middle market companies. For over twenty five years, our team has offered companies a unique blend of sophisticated financial expertise and access to the global marketplace of buyers, sellers and financiers.
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