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RXO, Inc. has entered into a definitive agreement to acquire Coyote Logistics, an asset-light #freight brokerage #business, for $1.025 billion from UPS. This acquisition will enhance RXO’s market position, diversify and #expand its customer base, and broaden its carrier network. At closing, RXO will be the third-largest provider of brokered #transportation in #NorthAmerica.The transaction is expected to be immediately and significantly accretive to RXO’s adjusted diluted earnings per share and adjusted free cash flow. Drew Wilkerson Brian Dean Jamie Harris Heidi Ratti, SPHR Lou A.. Demetri Venetis Lyndon Cron Nina Reinhardt Yoav Amiel Jared Weisfeld Jeff Firestone UPS Supply Chain Solutions Read more - https://lnkd.in/dnVFpGB8 To share your startup story write us on - contact@startuprise.io #RXO #CoyoteLogistics #Acquisition

RXO is set to acquire Coyote Logistics from UPS, creating the third-largest provider of brokered transportation in North America. This strategic move is expected to be immediately and significantly accretive to RXO's adjusted diluted earnings per share and adjusted free cash flow. The acquisition will expand RXO's market position, offering increased capacity for customers and enhanced access to freight for carriers. The purchase price for this transaction is $1.025 billion in cash. To fund the acquisition, RXO will utilize a mix of equity and debt, expected to be leverage-neutral, with over 50% of the purchase price covered by fully committed equity from two of RXO's largest shareholders.

UNIQUE Furniture A/S Acquires Notio Direct Xpress A/S As part of our growth strategy, UNIQUE Furniture A/S is proud to announce the acquisition of Notio Direct Xpress A/S. This acquisition strengthens UNIQUE Furniture’s position in the furniture market and represents an important milestone in our journey of expansion and innovation. Notio Direct Xpress A/S, established in 2009 by Lone and Henrik Kasnæs, is a highly regarded family-owned business with a strong track record. UNIQUE Furniture A/S is honored to take on the responsibility of preserving the company’s legacy and is fully committed to upholding its values while building upon the solid foundation created over the years. This acquisition reflects not only our dedication to growth but also our commitment to delivering high-quality furniture solutions to our customers. We look forward to continuing the success of Notio Direct Xpress and driving new opportunities for our customers and partners. ”The acquisition of Notio Direct Xpress is a milestone for us. Notio Direct Xpress aligns perfectly with our existing setup and will contribute to our continued growth journey. We are always on the lookout for potential partners who complement our current business and future growth plans" says Flemming Lindtofte, CEO of UNIQUE Furniture.

🪵 Inside Hyne's Big Move into Pallets! Hyne Group, one of Australia's leading timber companies, is moving into pallets after it acquired Express Pallets and Crates, marking a significant expansion in its business operations and enhancing its service offerings in South East Queensland. 🔎 Here's what you need to know: 1️⃣ Strategic Acquisitions: Following the recent purchase of Melbourne-based Rodpak, Hyne Group has acquired Express Pallets and Crates, further integrating under the global umbrella of James Jones & Sons. This move is poised to leverage Hyne's longstanding timber expertise alongside new pallet industry capabilities. 2️⃣ Legacy and Leadership: Geoff Walton, who has led Express for 35 years, will continue to own the Pro-Pine sawmill, ensuring a continued supply chain for Express under its new ownership. 3️⃣ Future Outlook: Under the Hyne Group's stewardship, Express Pallets is set to benefit from increased capabilities and reach. Hyne's CEO, Jim Bindon, emphasises the importance of integrating quality businesses with solid legacies into their portfolio. 📸 The acquisition represents a growth in Hyne's operations and a commitment to maintaining and expanding a legacy of quality and service in the timber and pallet industries. [Photo Credit: Supplied] 🔗 Explore more about Hyne Group's expansion strategy and what this means for the industry: https://lnkd.in/eA-mMv3C 🗣️ #questionforgroup: How do you see such strategic acquisitions impacting the growth and sustainability of traditional industries like timber? Share your thoughts below! #hyne #hynegroup #timber #pallets #acquisition #manufacturing #wood #packaging #supplychain #qldpol #manufacturing #auspol #woodcentral #woodcentralau1

🪵 Inside Hyne's Big Move into Pallets! Hyne Group, one of Australia's leading timber companies, is moving into pallets after it acquired Express Pallets and Crates, marking a significant expansion in its business operations and enhancing its service offerings in South East Queensland. 🔎 Here's what you need to know: 1️⃣ Strategic Acquisitions: Following the recent purchase of Melbourne-based Rodpak, Hyne Group has acquired Express Pallets and Crates, further integrating under the global umbrella of James Jones & Sons. This move is poised to leverage Hyne's longstanding timber expertise alongside new pallet industry capabilities. 2️⃣ Legacy and Leadership: Geoff Walton, who has led Express for 35 years, will continue to own the Pro-Pine sawmill, ensuring a continued supply chain for Express under its new ownership. 3️⃣ Future Outlook: Under the Hyne Group's stewardship, Express Pallets is set to benefit from increased capabilities and reach. Hyne's CEO, Jim Bindon, emphasises the importance of integrating quality businesses with solid legacies into their portfolio. 📸 The acquisition represents a growth in Hyne's operations and a commitment to maintaining and expanding a legacy of quality and service in the timber and pallet industries. [Photo Credit: Supplied] 🔗 Explore more about Hyne Group's expansion strategy and what this means for the industry: https://lnkd.in/eA-mMv3C 🗣️ #questionforgroup: How do you see such strategic acquisitions impacting the growth and sustainability of traditional industries like timber? Share your thoughts below! #hyne #hynegroup #timber #pallets #acquisition #manufacturing #wood #packaging #supplychain #qldpol #manufacturing #auspol #woodcentral #woodcentralau1

Shurgard Self Storage, a self-storage company, agreed to acquire Lok'nStore Self-Storage Group, a self-storage space provider, for £378m. "Following several successful acquisitions over the past year, I am excited to disclose this new acquisition in the UK, which doubles our presence in the country, and accelerates our growth and expansion strategy. This milestone event for Shurgard adds an additional 171,000 sqm MLA, representing two full years of Shurgard's targeted annual expansion, with new ramp-up and development opportunities to accelerate our growth in existing and new UK markets. The acquisition brings with it a strong pipeline and development team, which can be leveraged to accelerate new opportunities in London, the South East and Manchester," Marc Oursin, Shurgard Self-Storage CEO. Shurgard Self-Storage (led by Marc Oursin) is advised by J.P. Morgan (led by Jonty Edwards, Dwayne Lysaght and Ashish Agrawal) and Allen & Overy. Lok'n Store Group (led by Andrew Jacobs) is advised by Peel Hunt (led by Carl Gough and Capel Irwin), Cavendish (led by Henrik Persson), Goldman Sachs (led by Chris Emmerson and Khamran Ali), Travers Smith and Camarco (led by Billy Clegg and Tom Huddart). #MergersAcquisitionsDivestitures #Storage #UK

The £762 million acquisition of Wincanton by GXO Logistics, Inc. Logistics, headquartered in Chippenham, was officially finalized on April 29th, marking a significant move in the logistics industry. GXO Logistics, Inc.'s CEO, Malcolm Wilson, expressed enthusiasm for the acquisition, highlighting its potential to strengthen their global logistics leadership position and expand services to a broader customer base. While GXO and Wincanton will operate independently pending regulatory approval, the merger aims to leverage Wincanton's UK expertise with GXO's global reach to fuel long-term growth across various sectors like aerospace, utilities, industrial, and healthcare. https://lnkd.in/d29bZ_fJ

"Reno Warehouse Acquired by Clarion for $41.6M" Read the full article below..

Sealy & Company announces the acquisition of two Class-A distribution centers in the Memphis, TN market: 1660 Stateline Road E, Southaven, MS, and 12914 Stateline Road E, Olive Branch, MS, totaling 589,598 square feet. The strategic additions enhance our position in the vibrant Memphis industrial market, one of the leading logistics hubs in the country. Both properties boast modern industrial specifications, including rear-load configurations, 32-foot clear heights, expansive truck courts, and multi-tenant flexibility, ensuring they cater to the evolving needs of logistics and distribution operators. Located in the DeSoto Submarket, these facilities enjoy Memphis' exceptional connectivity to rail, air, and road systems, allowing 75% of the U.S. population to be reached within a two-day drive. "The acquisition of 1660 Stateline Road E and 12914 Stateline Road E reflects our disciplined approach to identifying value-added opportunities that generate strong returns for our investors while leveraging the strengths of the Memphis market," said Jason Gandy, Managing Director of Investment Services at Sealy & Company. This transaction was led by Sealy & Company's Investment Services team in collaboration with JLL's Matt Wirth. To learn more about our continued growth and strategic investments, please visit: https://lnkd.in/genYJUEV #IndustrialRealEstate #MemphisMarket #SealyAndCompany #Acquisition #InvestmentStrategy

Zuber Issa's Next Move: A £600m Bid for Petrogas Group Limited (Applegreen PLC) Zuber Issa, the billionaire entrepreneur and former co-owner of Asda, is poised to make another significant move in the UK retail landscape. He is reportedly close to securing a £600 million deal to acquire Petrogas Group, the UK arm of Irish forecourt operator Applegreen. This acquisition marks a pivotal moment for Zuber Issa, who has been actively building his new venture, EG On The Move, since stepping away from EG Group. The deal with Petrogas Group would significantly bolster EG On The Move's portfolio, adding over 100 petrol stations across the UK. Petrogas Group, majority-owned by US private equity firm Blackstone, has experienced substantial growth in recent years. The company recorded revenues of £633 million in the previous year, demonstrating its strong performance in the competitive UK forecourt market. EG On The Move, backed by Dutch lender Rabobank, aims to become a leading player in the UK forecourt and convenience retail sector. The company is focused on offering modern amenities such as electric vehicle charging points and partnering with popular brands like Greggs and Subway to enhance the customer experience. Issa's entrepreneurial journey began with a single petrol forecourt in Bury. Over the years, he and his brother Mohsin Issa transformed EG Group into a global retail empire through aggressive acquisitions. Their most significant deal was the £6.8 billion acquisition of Asda in 2021. Earlier this year, Zuber sold his 22.5% stake in Asda to TDR Capital, signaling his intention to focus on new ventures. While Mohsin has shifted his attention to investing in UK start-ups, Zuber has been actively building EG On The Move. If the acquisition of Petrogas Group materializes, it will further solidify Zuber's position as a major player in the UK retail sector. It will also intensify competition in the forecourt market, as established players like bp, Shell, and Tesco continue to invest in their own networks. #ZuberIssa #EGOnTheMove #PetrogasGroup #PrivateEquity #M&A #Retail #Forecourt #ConvenienceRetail #Business #Investment #UKBusiness