October 5, 2016
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to TransGroup Global Logistics (“TransGroup”), a Seattle-based non-asset freight forwarder and logistics provider, in its transaction with AEA Investors, a leading global private investment firm.
For over 30 years TransGroup has been dedicated to developing the most advanced and flexible logistics services and software tools available. Its balanced cross discipline of international and domestic logistics services and easy-to-use tools are tailored to meet each client’s needs, allowing TransGroup to be a true single-source partner across a wide range of industries.
AEA Investors, along with shareholders of TransGroup and Scan Global Logistics, financed the unification of TransGroup and Scan Global Logistics (“SGL”), a Denmark-based asset-light freight forwarder and logistics provider with locations in Europe, Asia and Oceania. As a result of the transaction, shareholders achieved a unified ownership structure further enhancing over 15 years of successful collaboration and growth. The two companies will continue to operate as they do today with all existing management remaining in place. The combined company’s +90 offices on five continents, with more than 1200 highly dedicated and professional team members and over $800 million in revenue, is poised to make its service offerings even stronger in the global market as a result of this transaction.
Greg Vernoy, CEO of TransGroup said, “The Cascadia team was a critical partner in the success of this TransGroup and SGL unification. Their experience and knowledge of the private equity community helped us secure an optimal partner in AEA. Cascadia’s consistent advice helped us effectively balance many quantitative and qualitative factors in the deal that were important to our shareholders, SGL partners and our mutual team members. We truly could not have accomplished this without Cascadia and its great group of people.”
Christian Schiller, Managing Director of Cascadia, said, “This is a truly unique win/win transaction and a terrific outcome. We are honored to have partnered with TransGroup and believe this deal will allow the company to realize substantial global growth due to the formal combination with SGL, as well as the support of AEA’s world-class management team.”
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About Cascadia’s Transportation and Logistics Practice
In addition to TransGroup, previously completed transactions by Cascadia’s Transportation and Logistics practice include Global Transportation Services, Watkins & Shepard, Western Peterbilt, and Span Alaska. Christian Schiller and Hugh Campbell lead the Transportation and Logistics practice at Cascadia. David Beatson is Chief Executive Officer of Ascent Advisors, LLC, a management consulting firm specializing in the supply chain, transportation, and logistics industry. In his role as Senior Advisor, Mr. Beatson leverages his 40 years of industry experience to guide deal teams in Cascadia’s Transportation and Logistics practice.