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HOST acquires Transmarine to form largest tramp agency

Jul 02, 202514 days ago

Acquiring Company

HOST

Acquired Company

Transmarine Navigation Corporation

United StatesLong BeachSupply Chain ManagementFleet ManagementLogisticsTransportationTransportation

Description

HOST has successfully acquired Transmarine, resulting in the formation of the largest tramp agency in the United States. This merger aims to combine resources and enhance service offerings in the shipping industry. Both companies are excited about the future and the potential growth opportunities.

Company Information

Company

HOST

Location

United States

About

HOST is a leading agency in the tramp shipping sector, known for providing comprehensive logistics services. The company has a strong market presence in various regions. It specializes in managing and operating freight transportation efficiently.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed