We are pleased to announce the sale of our 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.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Transportation & Distribution M&A Deals page.
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