Gillian Tan

Business, Technology, Fuel, Logistics

Lightning EMotors Said to Be in Talks to Go Public

Lightning EMotors offers an electric powertrain on a Chevrolet 6500XD Low Cab Forward Class 6 truck. Lightning EMotors offers an electric powertrain on a Chevrolet 6500XD Low Cab Forward Class 6 truck, among other vehicle options. (Lightning EMotors)

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

The Electric Last Mile Solutions van has 170 cubic feet of cargo capacity, with a range of 150 to 200 miles on a single charge. The Electric Last Mile Solutions van has 170 cubic feet of cargo capacity, with a range of 150 to 200 miles on a single charge. (Electric Last Mile Solutions)

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 A forklift driver moves pallets at cold storage warehouse. (Darren Staples/Bloomberg News)

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

Railroad tracks Getty Images

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

Indiana Toll Road at Angola, Ind. IFM's assets include the Indiana Toll Road. (Joe Raymond/AP)

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
Business, Logistics

Lineage Raises $700 Million From Stake Sale to Stonepeak, D1

Lineage Logistics

Lineage Logistics, which calls itself the fastest-growing provider of temperature-controlled services such as transportation and storage, sold a minority stake worth $700 million, according to its CEO and co-founder.

Gillian Tan | Bloomberg News
July 17, 2018