a portfolio company of
has acquired
ABOUT THE COMPANY:
SITUATION:
ENGAGEMENT:
OUTCOME:
Alba acquired Philadelphia, PA-based John A. Steer Co. (“Steer”) in December 2023. Steer offers customs brokerage, freight forwarding, domestic transportation, cargo insurance, and supply chain management services in the United States, with a focus on food & beverage end markets and wine consolidation and logistics. The acquisition bolsters Alba’s customs brokerage business with an expansion into temperature-controlled freight while growing its domestic transportation capabilities. "Welcoming Steer to the Alba family marks a milestone in our journey by reinforcing our commitment to custom brokerage excellence and fortifying our position in the perishables market. Together, we elevate our standing as a leading global logistics services provider,” says Alba’s Chief Executive Officer, Damien Stile. Southfield Partner Heb James commented, "We are thrilled to partner with Steer and leverage combined expertise and resources to pursue ongoing growth. Many thanks to G2 who were great, trusted partners throughout the entire M&A process." “It is exciting to see two legacy logistics organizations with hundreds of years of combined history come together in the spirit of industry innovation,” said Chris Casteleyn, Managing Director within the Transportation & Logistics practice at G2 Capital Advisors. “We are pleased to support this partnership and are energized to realize more successes together.”
DEAL TEAM:
SUB-SECTOR
Customs Brokerage
MORE LIKE THIS
Exclusive Financial Advisor
Comprehensive Logistics, Inc.
a provider of value-add warehousing & distribution services has been refinanced by TCW and PineBridge Investments
Exclusive Financial Advisor
a portfolio company of SBJ Capital has received a preferred equity raise by Origami Partners
Exclusive Financial Advisor
a portfolio company of Southfield Capital, has acquired John A. Steer
Exclusive Financial Advisor
has received a growth capital investment from BBH Capital Partners
Exclusive Financial Advisor
a portfolio company of Dubin Clark has been refinanced by a subsidiary of Emigrant Bank
Exclusive Financial Advisor
has been acquired by TPS Group Holdings, LLC. through a Chapter 11 Section 363 Sale Process