Syngin Technology, LLC

BB&T Capital Markets Serves As Exclusive Financial Advisor to Syngin Technology in its Majority Sale to Wallenius Wilhelmsen ASA

Transaction summary

On July 3, 2018, Syngin Technology, LLC (“Syngin”) sold 70% of its membership interests to Wallenius Wilhelmsen ASA (“WWL”). Syngin's current owners will continue to own 30% of the company and remain highly involved in managing the business. BB&T Capital Markets served as the exclusive financial advisor to Syngin.

About the companies

Syngin Technology, LLC

Syngin is a leading provider of automated logistics solutions for the disposition of used vehicles through an electronic marketplace. Syngin streamlines the movement of vehicles handled by fleet leasing companies and remarketers to auction houses through a virtual marketplace that matches these stakeholders with transportation providers and repair centers. Using a holistic value chain approach and applying re-engineered processes coupled with an integrated software platform, Syngin enables highly efficient and cost-effective transportation for the unified eco-system around used fleet vehicles.

Learn moreabout Syngin Technology, LLC (opens in a new tab)

Wallenius Wilhelmsen ASA

The Wallenius Wilhelmsen group (OEX: WWL) is a market leader in roll-on / roll-off (RoRo) shipping and vehicle logistics, transporting cars, trucks, rolling equipment and breakbulk around the world. The company operates around 130 vessels servicing 32 trade routes to six continents, and operates a global inland distribution network, 77 processing centers, and 13 marine terminals. The Wallenius Wilhelmsen group consist of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and ARC. The group is headquartered in Oslo, Norway with 7,500 employees in 29 countries worldwide.

Learn moreabout Wallenius Wilhelmsen ASA (opens in a new tab)

Logistics & Transportation

Our Logistics & Transportation Team provides comprehensive investment banking services across eight industry segments and is one of the most active advisors in the middle-market.

Since 2010, our Logistics & Transportation Team has closed more than 40 sell-side M&A transactions and 60 public debt and equity offerings.

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