Maersk set to acquire Pilot Freight Services for $1.6B

A.P. Moller – Maersk announces the intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based first, middle and last mile as well as border crossing solutions provider, specializing in the big and bulky freight segment in North America for B2C and B2B distribution models, from ATL Partners, a sector-focused Private Equity firm in New York and British Columbia Investment Management Corporation (BCI), one of the largest institutional investors in Canada.

With the intended acquisition of Pilot, Maersk will extend its integrated logistics offering deeper into the supply chain of its customers.

Pilot will be adding specific new services within the fast growing big and bulky e-commerce segment, thus increasing cross-selling opportunities. It will also create significant cost synergies by leveraging capabilities across the different parts of service solutions.

In December, Maersk signed a $3.6 billion deal to acquire omnichannel fulfillment company LF Logistics Holdings.

That deal gave Maersk 549 warehouses globally and increased the company’s total warehouse floor capacity by 40%, creating the world’s seventh-largest contract logistics company behind the major players like UPS and DHL.

Pilot, meanwhile, operates a North American facilities-based transportation network of 87 stations and hubs that moves and distributes freight to end customers.

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