Global Mergers and Acquisitions

Forth Ports has announced that its owner, Otter Ports Holdings Ltd, has acquired from DP World and Associated British Ports Ltd (AB Ports) the 67% ownership of Tilbury Container Services Ltd (TCS) not already owned by Forth Ports in a cash transaction. Forth Ports has been a one third shareholder i... read more

Forth Ports has announced that its owner, Otter Ports Holdings Ltd, has acquired from DP World and Associated British Ports Ltd (AB Ports) the 67% ownership of Tilbury Container Services Ltd (TCS) not already owned by Forth Ports in a cash transaction.

Forth Ports has been a one third shareholder in TCS since 1998 along with partners DP World and AB Ports. TCS is located on the River Thames within the Port of Tilbury, which is wholly owned by Forth Ports.

TCS handled 314,000 containers in 2011, up 2.4% from 2010 volumes. Charles Hammond, Chief Executive of Forth Ports, said: ""With 100% ownership of TCS we plan to combine our existing Short Sea container terminal with TCS to create a new container business branded 'London Container Terminal'. The combined terminal will handle close to 500,000 containers and makes us the third largest single container operation in the UK and one of the few UK ports servicing both deep sea and short sea customers." show less

GPR Logistics (GPR) has announced the acquisition of the East Coast facilities and operations of The Gilbert Company from Maersk Inc., the US land-based component of container shipping company, Maersk Line. GPR now owns The Gilbert Company's East Coast facilities and operations, as well as the right... read more

GPR Logistics (GPR) has announced the acquisition of the East Coast facilities and operations of The Gilbert Company from Maersk Inc., the US land-based component of container shipping company, Maersk Line. GPR now owns The Gilbert Company's East Coast facilities and operations, as well as the rights to The Gilbert Company name and website.

The Gilbert Company has been an established warehouse, distribution and transportation services provider to the retail industry for more than 25 years. The company serves customers nationwide across three market segments — big-box, specialty apparel retailers, and their vendors — out of a 300,000 sq ft multi-client warehouse located in Keasbey, New Jersey. The 87 dock-door facility sits on 20 acres and features 280,000 sq ft of warehouse and distribution space and 20,000 sq ft of office space.

"Across the board, shippers are challenged by supply chains that are growing longer and more complex, and capacity that's only going to get tighter," said Gregg Prisco, president and CEO of The Gilbert Company.

"The Gilbert Company differentiates itself from its competitors by maintaining a customer-centric business model. Our mission is to offer more than just the transportation and warehousing services they need — but the attention and superior service required to get product on store shelves, on-time, every time. We're excited to work together again to use our breadth of relevant expertise and get back to doing what we've done so well in the past — serve all aspects of the retail market," added Prisco. show less

Express Courier International, a subsidiary of The Riverside Company, has added EagleOne Logistics to its platform. The combined companies will provide time-sensitive regional delivery services to the Southern US. EagleOne is based in Fort Smith, Arkansas and services customers in nine states, prima... read more

Express Courier International, a subsidiary of The Riverside Company, has added EagleOne Logistics to its platform. The combined companies will provide time-sensitive regional delivery services to the Southern US. EagleOne is based in Fort Smith, Arkansas and services customers in nine states, primarily in the Southeast.

"EagleOne and Express operations overlap throughout a number of key areas, so the combination improves route density and customer service while helping Express expand into new geographies and add new customers," said Riverside Managing Partner, Loren Schlachet. "This further solidifies the company's leadership position in the same-day delivery segment throughout the Southeast while helping the company grow."

The acquisition allows Express to expand operations into the Texas, Oklahoma, Arkansas and Missouri markets. Similar to Express, EagleOne serves a range of customers in the pharmaceutical distribution, managed care, home health, auto parts, banking, laboratory and hospital, and office supply industries. show less