Logistics

KKR adds to industrial logistics portfolio with $234M acquisition in Houston (NYSE:KKR)

Art Wager/E+ via Getty Images KKR (NYSE:KKR) acquired Park 8Ninety, a 12-building industrial logistics park in Houston, Texas, from Artis Real Estate Investment Trust (OTC:ARESF) for ~$234M, the investment firm said on Monday. The 1.8M-square-foot property adds to KKR’s (KKR) portfolio of industrial logistics investments, a sector it has builtContinue Reading

Freight M&A: UPS sells Coyote Logistics to RXO

In: Finance

Gajus United Parcel Service (NYSE:UPS) announced on Sunday that it has entered into an agreement to sell its Coyote Logistics business unit to RXO (NYSE:RXO) for $1.025 billion. The transaction is expected to close before the end of the year. “As UPS positions itself to become the premium small packageContinue Reading

KKR adds to industrial logistics portfolio with $234M acquisition in Houston (NYSE:KKR)

Freight M&A: UPS sells Coyote Logistics to RXO

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