PE Tech Report

Transport & Logistics

Bernhard Capital Partners to acquire RailWorks Corp from Wind Point Partners

Bernhard Capital Partners Management, a services and infrastructure-focused private equity management firm, is to acquire RailWorks Corp (RailWorks), a North American rail infrastructure solutions provider, from Wind Point Partners, a Chicago-based private equity firm.  The transaction is expected to close in the fourth quarter of 2021, subject to customary closing

Pilot Freight Service acquires franchise locations in strategic markets

Pilot Freight Services (Pilot), a worldwide transportation and logistics services provider has acquired franchise stations in strategic markets in the Pacific Northwest and Oklahoma.  The franchises will be seamlessly integrated into Pilot’s corporate organisation with no disruption in service offerings or senior management. The franchises, located in Idaho, Oregon, Washington,

CBRE Investment Management to acquire one of Norway’s largest bus operators

CBRE Investment Management, through its Private Infrastructure team, is to acquire  the bus division of Torghatten AS (Torghatten Land), which comprises Norgesbuss AS, Trønderbilene AS, Torghatten Buss AS, Sørlandsruta AS, Fosen Verkstedservice AS and TTS Bil-og, Dekksenter AS. This investment is in keeping with the firm’s commitment to delivering sustainable

UBCO secures USD10m from Jubilee as part of funding round

UBCO, a specialist in utility electric vehicles, has secured USD10 million from existing investor Jubilee Glory Investments for its upcoming Series B funding round. This additional investment comes hot on the heels of other key milestones for UBCO, which raised USD10 million USD earlier this year to fund global expansion

LDC exits SMH Fleet Solutions

Mid-market private equity investor LDC has exited its investment in leading vehicle preparation and logistics business SMH Fleet Solutions (SMH) to NYSE-listed online car retailer Cazoo.  The transaction values the business at approximately GBP70 million.   Headquartered in Worcestershire, SMH provides a full suite of vehicle management services including delivery,

KKR announces USD40m investment in Jet Edge International

KKR, a global investment firm, has agreed to invest USD40 million in preferred equity in Jet Edge International (Jet Edge), an Ohio-based specialist in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States.  KKR is making the investment

Mill Point Capital partners with E&M Logistics

E&M Logistics (E&M), a US-based direct store delivery (DSD) distributors of ice cream, frozen and fresh foods, and beverages, has partnered with Mill Point Capital (Mill Point Capital), a middle-market private equity firm focused on control-oriented investments in the business services, industrials, and IT services sectors in North America. The

INELO Group finalises acquisition of CVS Mobile

INELO Group, a provider of innovative technologies for the TSL sector in Poland, controlled by the private equity fund Innova/6 from the Innova Capital group, has acquired 73.5 per cent of shares in the Slovenian telematics player CVS Mobile. INELO Group is now a major player in the field of

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