IMC Logistics & Kuehne+Nagel Enter into Strategic Partnership

IMC Logistics, the largest marine drayage provider in the nation, has announced a strategic partnership with one of its longtime customers, Kuehne+Nagel, who will acquire 51% of the company. This strategic partnership will directly address growing demand for end-to-end transportation of cargo to or from seaports or rail hubs, customer facilities and inland in the United States, where landside container logistics are complex.

Once the transaction is completed, IMC Logistics will continue to operate as it has been previously, but with greater resources to serve clients. Mark H. George will continue as Chairman with the same leadership team in place.

“We embrace the opportunity to partner with Kuehne+Nagel, one of the world’s leading logistics companies, to elevate our family-founded business to new heights and to grow together. Combining our landside container logistics expertise and offering with Kuehne+Nagel’s global reach will deliver exceptional services for our customers and create new career growth opportunities for our colleagues” says George.

Stefan Paul, CEO of Kuehne+Nagel International AG says: “International Sea Logistics is a highly complex business with many interfaces and stakeholders, in which US trade flows are of central importance. IMC’s range of capabilities significantly expands our service offering and allows us to develop and offer even more attractive solutions for the value chains of our ocean freight customers.”

Completion of the transaction is expected at the beginning of the first quarter of 2025. The deal is subject to approval from regulatory authorities and customary closing conditions.

BofA Securities served as financial advisor and Baker Donelson served as legal advisor to IMC Logistics.

As seen in: Transport Topics, Journal of Commerce, Freightwaves, DC Velocity, Commercial Carrier Journal, AJOT, Memphis Business Journal, Yahoo Finance, and the Commercial Appeal