Specialty Freight & Courier has been acquired by Associated Couriers, Inc.

The shareholders of Specialty Freight & Courier have sold the company to Associated Couriers, Inc. (ACI).

Specialty Freight & Courier, headquartered in Jacksonville, Florida, has been in business since 1997. They offer courier, box truck, tractor-trailer, freight brokerage, air freight and warehousing services to customers in various industries such as healthcare, automotive and professional services. The company’s geographical focus is largely in the southeastern US, with capabilities to serve national and international clients. It has been steadily growing under the leadership of its President and CEO, Walker Allen.

ACI, founded in 1977 and headquartered in St. Louis, Missouri, is a courier and delivery service provider with a strong presence in the radiopharmaceutical and life sciences sectors. It is a leading US logistics service provider with a distribution network covering 38 states.

Oaklins’ team in Jacksonville acted as the lead advisor to the seller and the management of Specialty Freight & Courier in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers, and assisted them until closing.

Service

M&A sell-side

Parties

“We are very pleased with the outcome of this sale transaction. It was a complex transaction involving multiple parties in multiple countries to deal with. The Oaklins team handled all issues diligently and efficiently. Their contributions are particularly noteworthy given that the process had to be managed during the COVID-19 pandemic. Partnering up with a major US player and its German parent gives us the opportunity to realize the potential of our business in the marketplace.”

Walker Allen

President and CEO, Specialty Freight & Courier

Talk to the deal team

Don Wiggins

Principal

Jacksonville, United States
Oaklins Heritage

View profile Get in touch

Alex Kellison

Principal

Jacksonville, United States
Oaklins Heritage

View profile Get in touch

Related deals

Bolster Investment Partners has acquired a majority stake in Eternal Sun

Private Equity | Energy

Bolster Investment Partners has acquired a majority stake in Eternal Sun

Bolster Investment Partners, a Netherlands-based investment firm, has acquired a majority stake in Eternal Sun, a global technology leader in advanced solar panel testing equipment, from ABN AMRO Sustainable Impact Fund, a private impact fund based in the Netherlands, and Vermec, a Belgium-based investment firm.

Learn more

Briconord has completed its fourth LBO with ODDO BHF

Private Equity | Consumer & Retail

Briconord has completed its fourth LBO with ODDO BHF

Briconord, a French designer and distributor of furniture and hardware solutions, has been acquired by a consortium of investors led by ODDO BHF in its fourth leveraged buyout (LBO).

Learn more

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more