Span Alaska Transportation, Inc.

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Span Alaska Transportation, Inc. - overview

Established

1978

Location

Auburn, WA, US

Primary Industry

Logistics & Distribution

About

Span Alaska Transportation, Inc. provides specialized freight forwarding services that connect Alaska with the Lower 48, Hawaii, and Canada, ensuring efficient transportation across various modes including ocean, air, and ground. Founded in 1978, Span Alaska Transportation operates from its headquarters in Auburn, US, focusing on freight forwarding services. The company was acquired by Matson Logistics, Inc.


in July 2016 for USD 197. 6 mn, marking a strategic expansion of its operations. Span Alaska specializes in freight forwarding, providing comprehensive shipping solutions that connect the Lower 48, Hawaii, and Canada to Alaska. The company offers a range of services, including ocean, air, barge, and highway transportation, ensuring efficient, year-round, door-to-door delivery of goods.


Their core offerings encompass Less-than-Container Load (LCL) shipments, volume LCL, and full load services, catering to various customer needs, from transporting oranges from Florida to Fairbanks to hazardous materials from Kentucky to Ketchikan. Span Alaska serves a diverse client base, including businesses in industries such as retail, construction, and electronics, facilitating the movement of various goods to and within Alaska's remote communities. The geographical markets served by Span Alaska extend beyond Alaska, reaching clients situated in the continental United States, Hawaii, and Canada, ensuring a reliable supply chain for both large enterprises and small local businesses. Span Alaska operates on a transactional revenue model, focusing on B2B relationships with companies requiring freight forwarding services.


Typical transactions involve the consolidation of shipments at their U. S. West Coast Service Center before transporting them to Alaska's final-mile service centers. The company charges clients based on the volume and weight of shipments, with specific pricing structures in place for LCL, volume LCL, and full load services, although exact pricing details are not disclosed.


Clients engage with Span Alaska for both regular shipping needs and one-off shipments, benefiting from their expertise in handling shipments of varying sizes, weights, and material requirements. This transactional model positions Span Alaska as a vital partner for businesses seeking reliable freight solutions to serve Alaskan markets. In July 2016, Matson Logistics, Inc. agreed to acquire Span Alaska Transportation for USD 197.


6 mn, which is expected to close in Q3 2016. The acquisition aims to enhance Span Alaska's operational capacity and expand its market reach in Alaskan logistics. Specific plans for future product launches and market expansions have not been detailed at this time.


Primary Industry

Logistics & Distribution

Sub Industries

Freight Transportation Services

Website

www.spanalaska.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Span Alaska Transportation, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedSpan Alaska Transportation, Inc.-
Add-onCompletedPacific Alaska Freightways-
GrowthCompletedSpan Alaska Transportation, Inc.-

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