Acquisitions & Partnerships: Allison, Koch, and Southeastern expand operations and logistics reach
Key takeaways
- Dana’s $2.7B Off-Highway sale lets the company focus on light and commercial vehicle systems.
- Koch’s SOS acquisition doubles its warehouse footprint.
- Southeastern partners with Fletes México to improve cross-border freight speed, visibility, and reliability.
Dana completes sale of Off-Highway business to Allison for $2.7 billion
Dana Inc. recently completed the sale of its Off-Highway business to Allison Transmission for $2.7 billion. The transaction, which is valued at 7.5 times the Off-Highway business's expected 2025 adjusted EBITDA, is part of Dana's transformation strategy.
"Closing this transaction marks an important step in Dana's evolution," R. Bruce McDonald, chairman and CEO of Dana, stated. "We are now a more focused company, dedicated to serving light- and commercial-vehicle customers with both traditional and electrified systems. This divestiture, combined with the successful execution of our cost-reduction plan, will strengthen our balance sheet, improve margins, reduce complexity, and position us to accelerate innovation and growth in our core markets."
The proceeds will allow Dana to reduce debt by approximately $2 billion and achieve its target net leverage of 1x over the business cycle. The company also plans to return $1 billion to shareholders through 2027, including $650 million already returned. Read more…
Koch Companies acquires Store Opening Solutions to expand logistics and warehouse reach
Koch Companies recently acquired Store Opening Solutions (SOS), a retail inventory consolidation company based in Murfreesboro, Tennessee, from Marmon Holdings. The acquisition coincides with Koch’s 50-year anniversary and aims to expand its logistics, fulfillment, and trucking capabilities.
“Bringing SOS into the Koch Companies family represents a meaningful step in our long-term strategy to strengthen and expand our logistics, fulfillment, and trucking capabilities,” Jeff Koch, COO of Koch Companies, stated. “By investing in the people, infrastructure, and services that define both SOS and Koch, we’re positioning the business and our customers for long-term success.”
The acquisition doubles Koch Logistics’ nationwide warehouse footprint and strengthens its warehousing and fulfillment structure. SOS’s established retail client base and decades-long partnership with Koch contributed to the move. Read more…
Southeastern Freight Lines partners with Fletes México to expand U.S.–Mexico freight services
Southeastern Freight Lines recently partnered with Fletes México Carga Express to enhance cross-border freight services between the U.S. and Mexico. The collaboration aims to provide faster, more reliable freight solutions with real-time rate quoting and door-to-door shipment tracking.
“Our customers are looking for simplicity in today’s increasingly complex supply chain,” Richard Slater, SVP of sales and marketing for Southeastern Freight Lines, stated. “This partnership with Fletes México Carga Express allows us to meet our customers’ growing demand for reliable service in and out of Mexico. We are excited about the synergies between our organizations; these synergies exist not only between our technologies but also between our people.”
Dedicated teams in Laredo, Texas, and Nuevo Laredo, Mexico, ensure timely clearance and smooth border crossings. The partnership leverages both companies’ market density, transit times, and technology to provide end-to-end visibility.
