By Generational EquityNov 11, 2021, 06:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Global Net Logistics, Inc., to Rhenus Logistics Americas (Rhenus). The acquisition closed November 1, 2021.
Global Net Logistics provides domestic and international freight forwarding, air and ocean, full truckload, and less than truckload services. The acquisition with Global Net Logistics will enable Rhenus to further solidify its air and ocean solutions, particularly its road freight services, to strengthen the existing LCL services and provide customers with door-to-door solutions. Global Net Logistics is located in Flower Mound, Texas.
Aligned strategically with the Rhenus 2025 growth vision, the acquisition will strengthen the company’s global air and ocean network in the southwest region of the USA and complement the existing Houston branch. Rhenus has 820 locations in 50 countries, and is headquartered in Holzwickede, Germany.
“This is a milestone for Rhenus Logistics Americas as we continue to invest and enhance our presence in the Americas Region. This acquisition will provide value and growth to the Rhenus worldwide network and expand our capabilities as we meet with the fast-paced and evolving demands of the supply chain industry,” said Jörn Schmersahl, CEO of Rhenus Air & Ocean Americas.
He added, “Our presence in the southwest region in the USA is an ample and vast opportunity in the market for Rhenus Logistics Americas, offering a full global network and supplemented air and ocean services to our current and prospective customers.”
In addition, Rhenus USA will take over the Global Net Logistics 22,500 square feet warehouse facility located five miles away from Dallas/Fort Worth International Airport (DFW). The facility will strengthen the warehouse presence of Rhenus USA in the area, including land bridge and cross-border services between Mexico and the USA. The Southwest region has historically been one of the fastest-growing regions in the USA and is expecting continued growth in the future. The Rhenus Group recently acquired Polish freight forwarding and logistics company C. Hartwig Gdynia, adding 12 additional locations, including New York.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Managing Director, M&A, Luan Ly, successfully closed the deal. Senior Managing Director David Robinson established the initial relationship with Global Net Logistics.
“This transaction should add more opportunities to a growing firm and allows the buyer to capture a larger footprint given a strong foundation in place. I wish them both all my very best,” said Ly.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 250 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
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