LANDSTAR SYSTEM INC acquires Fletes Avella, S.A. de C.V.
Snapshot
LANDSTAR SYSTEM INC acquired Fletes Avella, S.A. de C.V. in September 2017. The transaction was structured as all cash. Fletes Avella, S.A. de C.V. is a Mexico-based Transportation logistics business.
- Acquirer
- LANDSTAR SYSTEM INC
- Target
- Fletes Avella, S.A. de C.V.
- Value
- (not disclosed)
- Date
- September 2017
- Type
- asset purchase
- Status
- ready
The deal at a glance
About this deal
LANDSTAR SYSTEM INC acquired Fletes Avella, S.A. de C.V., a transaction completed in September 2017, structured as all cash. The deal was a asset purchase.
Fletes Avella, S.A. de C.V. operates in Transportation logistics, is based in Mexico. On September 20, 2017, Landstar Metro, S.A.P.I. de C.V. (Landstar Metro), a newly formed subsidiary of the Company, acquired substantially all of the assets of the asset-light transportation logistics business of Fletes Avella, S.A. de C.V., a Mexican transportation logistics company. Landstar Metro provides freight and logistics services within Mexico; Landstar Servicios provides administrative, financial, operational, safety and compliance services to Landstar Metro.
Operated through Landstar Metro / Landstar Servicios (70% owned by Landstar at acquisition; seller-affiliated individuals held 30%), within the transportation logistics segment.
No advisory firms have been disclosed for this transaction.