Orange County, CA, March 1, 2024 – Plethora Businesses, a leading M&A advisory firm, is excited to announce the successful acquisition of American Pacific Forwarders, Inc. (APF) by IMC Logistics, LLC (IMC), serving as the exclusive sell-side advisor. This marks another milestone in Plethora’s proven track record within the transportation and logistics sector, furthering its reputation and expertise and ability to navigate complex M&A transactions effectively.
American Pacific Forwarders, Inc., a leader in container delivery services on the West Coast, specializes in harbor port and rail drayage, proudly providing localized services in Southern California for over 45 years. Its operations enable seamless freight movement, in all directions, supporting both imports and exports across various industries.
IMC Companies – Established in 1982 as a regional drayage firm, IMC has grown into a pioneer in the transportation industry, emerging as one of North America’s largest container drayage companies. In 2023, IMC announced a strategic initiative to consolidate all its operating entities under a single brand to optimize processes for improved efficiency. IMC’s acquisition of APF aligns with its strategy and marks a significant step in its growth, enhancing its West Coast presence and commitment to expanding across North America.
Douglas Matt, Vice President at Plethora Businesses, commented “Facilitating this deal between APF and IMC, two powerhouses in transportation, has been exceptionally rewarding for Plethora. Richard Bartolic, CEO of American Pacific Forwarders, under his exceptional leadership, has set the stage for APF’s continued success under IMC’s reputable banner.”
About Plethora Businesses
Plethora Businesses is a boutique M&A Advisory firm headquartered in Orange County, California, dedicated to offering sell-side and buy-side M&A advisory, corporate strategy and valuations. Tailored to meet the unique needs of the middle market, Plethora is committed to delivering strategic solutions that drive growth and value for its clients. Please visit: www.plethorabusinesses.com or contact us at (714) 255-8862.
Contact:
George Lanza
President
George@PlethoraBusinesses.com
Douglas Matt
Vice President
Doug@PlethoraBusinesses.com
Connor Nguyen
Associate
Connor@PlethoraBusinesses.com
Plethora Businesses – Mergers, Acquisitions and Appraisals