Kuehne+Nagel, the Swiss-based logistics giant, has taken a significant step in bolstering its U.S. operations by acquiring a majority stake in IMC Logistics (IMC), one of the nation’s key marine drayage providers. Under the terms of the deal, Kuehne+Nagel will hold a 51% stake in the privately-owned IMC, marking a major move to strengthen its intermodal sea logistics offerings across crucial U.S. port and rail hubs. The acquisition is part of Kuehne+Nagel’s ongoing strategy to expand its footprint in North America, enhancing its ability to offer flexible, end-to-end logistics solutions for an increasingly complex and unpredictable global supply chain.
Headquartered in Collierville, Tennessee, IMC has over four decades of experience in marine drayage and intermodal transport services, facilitating the efficient movement of containers between ports, rail terminals, and customers’ facilities throughout the United States. IMC’s extensive reach includes a network of 49 locations, strategically positioned at major seaports and rail hubs across the country, allowing it to handle over 2 million TEUs annually. With approximately 1,700 employees and a wide base of independent contractors, IMC generated around $800 million in revenue in 2023.
This acquisition is a natural fit for Kuehne+Nagel, which has long collaborated with IMC. By formally integrating IMC into its portfolio, Kuehne+Nagel gains access to a well-established and resilient infrastructure within North America’s intermodal landscape. According to Kuehne+Nagel’s Chairman, Dr. Joerg Wolle, the company has focused on growth through strategic acquisitions, particularly in key markets like Asia and North America. Dr. Wolle emphasized that IMC’s well-established brand and capabilities position Kuehne+Nagel to better serve its clients by leveraging deep-rooted relationships and expanding the logistics giant’s North American presence.
For Kuehne+Nagel’s customers, IMC’s integration translates to enhanced service offerings with a faster response to shifting demand patterns, while providing additional value across the broader supply chain. CEO Stefan Paul highlighted the importance of U.S. trade flows within Kuehne+Nagel’s Sea Logistics framework, pointing to the ability to streamline complex operations and offer end-to-end logistics solutions that support clients in managing their global freight flows more effectively. With IMC’s expertise in landside container logistics and Kuehne+Nagel’s global reach, the collaboration aims to deliver innovative logistics services that drive efficiency and responsiveness in a rapidly evolving market.
Mark H. George, Chairman and Founder of IMC Logistics, welcomed the acquisition, viewing it as an opportunity to propel IMC’s family-founded business to new heights. Partnering with an industry leader like Kuehne+Nagel opens doors for IMC to expand its services, while also providing growth opportunities for its employees. George’s comments underscored IMC’s commitment to preserving its local expertise while embracing the expansive capabilities that Kuehne+Nagel brings to the table.
The acquisition, expected to close by the start of Q1 2025, is subject to regulatory approvals and standard closing conditions. Both parties have agreed to maintain confidentiality on specific financial terms of the transaction. Retaining the IMC brand, Kuehne+Nagel aims to continue capitalizing on IMC’s established market reputation and operational strengths as it integrates its services under the larger corporate umbrella.
As Kuehne+Nagel continues to cement its position as a global leader in logistics, the acquisition of IMC marks a pivotal move in enhancing its capabilities within North America. With a robust network, dedicated workforce, and extensive intermodal resources, this acquisition underscores Kuehne+Nagel’s commitment to growth and resilience in a challenging logistics environment.
