Government, Business, Logistics

CMA CGM Near Deal to Buy California Terminal Operator

CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion.

Gillian Tan | Bloomberg News
November 3, 2021
Business

Owner of Terminal at Port of Los Angeles Explores Sale

EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter.

Gillian Tan | Bloomberg News
September 9, 2021
Business, Technology, Autonomous

KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion

KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.

Gillian Tan | Bloomberg News
June 17, 2021
Business, Technology, Logistics, Top 50

Lineage Logistics Acquires Cryo-Trans for $500 Million

Cold-storage specialist Lineage Logistics is branching into rail.

Gillian Tan | Bloomberg News
April 3, 2021
Business, Logistics, Top 50

Lineage Logistics Acquires Refrigerated Rail Company Cryo-Trans

Cold-storage specialist Lineage Logistics is branching into rail.

Gillian Tan | Bloomberg News
January 5, 2021
Business, Technology, Fuel, Logistics

Lightning EMotors Said to Be in Talks to Go Public

Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.

Gillian Tan | Bloomberg News
November 19, 2020
Business, Technology, Fuel, Logistics

Electric Last Mile Solutions Said to Be in Merger Talks

Electric Last Mile Solutions, an electric vehicle startup, is in talks to go public through a merger with Forum Merger III Corp., according to people with knowledge of the matter.

Gillian Tan | Bloomberg News
November 19, 2020
Business, Logistics

VersaCold Weighs $500 Million Sale Amid Storage Buzz

VersaCold, one of Canada’s largest providers of cold storage, is exploring a potential sale that could fetch $500 million or more, according to people with knowledge of the matter.

Gillian Tan | Bloomberg News
March 3, 2020
Business, Logistics

SteelRiver Infrastructure Looking to Sell Patriot Rail

SteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.

Gillian Tan | Bloomberg News
February 12, 2019
Government, Business

Investors Keep Flocking to US Infrastructure, Even Without a Trump Plan

IFM Investors has raised almost $500 million for its first debt fund dedicated to U.S. infrastructure even as the Trump administration has yet to move ahead with its own infrastructure plan.

Gillian Tan | Bloomberg News
August 29, 2018