Span Alaska Transportation, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Span Alaska Transportation, Inc. | - | ||||||||
| Add-on | Completed | Pacific Alaska Freightways | - | ||||||||
| Growth | Completed | Span Alaska Transportation, Inc. | - |
Displaying 1 - 3 of 3

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.