Throne shines bright in the tropics
Jan 3, 2018 - Throne has successfully advised on the second of two strategic logistics space acquisitions for its clients on January 12, 2018 in Kuala Lumpur, Malaysia. The $20 Million dollar specialized 3PL transaction was a private business successfully developed over 20 years across both Peninsular and East Malaysia. The transacted brand is part of a 50 year old well known brand in the country. The high quality business comes with a high quality MNC client base, top-of-the-line racking and storage systems, and a solid business growth track record. The domestic brand operates and spans across 5 major cities in Malaysia.
James Thompson, Throne Executive Chairman, said “I anticipate 2018 to be an excellent year for Throne and we are off to a strong start in Southeast Asia with promising prospects in East Asia and Southeast Asia on the horizon. As a fragmented logistics industry looks to consolidate Throne is well positioned for solid growth in the coming 12 month period.”
This latest transaction follows another successful Throne transaction in Malaysia in mid 2017 involving the Malaysian subsidiary of a $2 Billion global logistics and transport company.
Throne is a specialized M&A Advisory focusing on logistics space transactions across a range of logistics verticals including Cold Chain, Last Mile, 3PL, Logistics property assets, Archiving and specialized Perishables, Chemicals, Automotive and Technology focused logistics businesses within the Asia-Pacific Region.