LANDSTAR SYSTEM INC acquires Landstar Metro / Landstar Servicios minority equity interests (~21%)
Snapshot
LANDSTAR SYSTEM INC acquired Landstar Metro / Landstar Servicios minority equity interests (~21%) in January 2019. The transaction was structured as all cash. Landstar Metro / Landstar Servicios minority equity interests (~21%) is a Mexico-based Transportation logistics business.
- Acquirer
- LANDSTAR SYSTEM INC
- Target
- Landstar Metro / Landstar Servicios minority equity interests (~21%)
- Value
- (not disclosed)
- Date
- January 2019
- Type
- minority buyout
- Status
- ready
The deal at a glance
About this deal
LANDSTAR SYSTEM INC acquired Landstar Metro / Landstar Servicios minority equity interests (~21%), a transaction completed in January 2019, structured as all cash. The deal was a minority buyout.
Landstar Metro / Landstar Servicios minority equity interests (~21%) operates in Transportation logistics, is based in Mexico. On January 29, 2019, Landstar acquired all of the remaining equity interests in Landstar Metro and Landstar Servicios held by their former minority equityholders, who had owned approximately 21% in the aggregate as of December 29, 2018. As of that date, Landstar Metro and Landstar Servicios each became wholly owned subsidiaries of the Company.
Landstar Metro and Landstar Servicios became wholly owned subsidiaries within the transportation logistics segment.
No advisory firms have been disclosed for this transaction.