WWEX Group to Acquire JEAR Logistics

Dallas-based WWEX Group is set to acquire JEAR Logistics, a 3PL specializing in refrigerated freight, according to an anonymous source familiar with the discussions. Employees at JEAR were notified about the acquisition on February 14. This move is part of WWEX Group's continued efforts to expand its market presence and enhance its service offerings in the competitive logistics and transportation sector.

About JEAR Logistics

Founded in 2007 and headquartered in Charleston, South Carolina, JEAR Logistics has made a name for itself by offering over-the-road truckload and less-than-truckload hauling services, particularly focusing on temperature-sensitive freight. With additional offices in Tampa, Florida, and Nashville, Tennessee, the company employs more than 200 people and is well-regarded for its ability to provide efficient, refrigerated freight solutions.

WWEX Group’s Market Position

WWEX Group ranked third in Transport Topics' 2024 listings with $4.019 billion in gross revenue. The acquisition of JEAR Logistics enhances its competitive edge in the 3PL space, particularly in the growing refrigerated freight sector.

M&A Activity in Transportation and Logistics

The logistics sector saw a surge in mergers and acquisitions in 2024, with $51.5 billion in deal value across 71 transactions. This reflects growing investor confidence and strategic shifts in supply chains, with companies aiming to scale and diversify their services.