Specialty Freight & Courier has been acquired by Associated Couriers, Inc.
November 2020 — 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.
Our role in the transaction
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.
Walker Allen
President and CEO, Specialty Freight & Courier
Talk to the deal team
Related deals
Cibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn moreNextalia has acquired a majority stake in Witapp
Nextalia SGR S.p.A. has acquired a majority stake in Witapp S.r.l., an Italian company specializing in software development for the digitization of healthcare infrastructure. The acquisition strengthens Nextalia’s track record in technology companies serving the public sector and supports its strategy of investing in businesses operating at the intersection of healthcare digitization and the modernization of public services.
Learn more