Fedex Supply Chain acquired by Cma-CGM
Context
CMA CGM Group has agreed to acquire FedEx Supply Chain, a subsidiary of FedEx Corp, in a transaction slated for completion in 2026 pending customary regulatory approvals. The acquisition will integrate FedEx Supply Chain's approximately 10,000 employees and its warehouse footprint into CEVA Logistics, a CMA CGM subsidiary, thereby expanding the combined contract logistics platform in North America. The deal follows a series of strategic discussions between the two groups and includes provisions for multi‑year commercial agreements covering ocean and air freight services. From the buyer's perspective, the purchase is intended to triple the size of CEVA's North American contract logistics operations, enhance service depth for high‑value verticals, and secure a preferred ocean carrier relationship with FedEx. The integration aligns with CMA CGM's long‑term investment strategy in the United States, leveraging FedEx Supply Chain's customer relationships and technology assets to broaden end‑to‑end logistics capabilities. The agreement also establishes a framework for coordinated capacity management across air and sea networks, aiming to improve asset utilization and flexibility for both parties. Operationally, the combined entity will operate roughly 150 warehouses and employ about 20,000 staff across more than 240 locations, creating a scale advantage in inventory management and distribution. Expected outcomes include expanded service offerings, higher operational efficiency, and increased market share in the North American contract logistics sector. The complementary freight agreements are projected to commence in phases through 2028, further integrating the two companies' global transport networks.
By taking control of Fedex Supply Chain, Cma-CGM continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Freightliner UK Intermodal Logistics in 2025.
Fedex Supply Chain, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only].
-> Deep-dive in Business Services market trends
Target
FedEx Supply Chain operates as a contract logistics subsidiary of FedEx Corp, delivering integrated warehousing, transportation, and value‑added services to a diversified client base. The business manages inventory, order fulfillment, reverse logistics, and customized supply‑chain solutions for sectors that include healthcare, automotive, aerospace, and data‑center infrastructure. Its network comprises approximately 80 distribution centers strategically located across the United States, enabling regional consolidation and last‑mile delivery. The unit employs roughly 10,000 personnel who execute order processing, packaging, and cross‑docking activities while leveraging FedEx's broader parcel and freight capabilities for inbound and outbound movements. Revenue is generated through fee‑based contracts that align service levels with client demand, with pricing structures tied to volume, complexity, and performance metrics. Technology platforms support real‑time visibility, demand forecasting, and analytics, allowing customers to optimize stock levels and reduce lead times. The company emphasizes compliance with industry regulations, particularly in temperature‑controlled and hazardous‑material handling, and maintains certifications that facilitate service to regulated industries. Its business model prioritizes long‑term agreements that secure recurring revenue streams and deepen relationships across high‑value verticals.
Ent. Value
$1–10bn
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (USD)
Other operations with Cma-CGM
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2025 | CMA-CGM | FREIGHTLINER UK INTERMODAL LOGISTICS | UNITED KINGDOM | Freight Transport |
| 01/2022 | CMA-CGM | COLIS PRIVE | FRANCE | Last Mile Delivery |
Similar deals in Transport & Logistics
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2026 | ARCUS INFRASTRUCTURE PARTNERS | SK PHARMA | GERMANY | Warehousing / 3PL |
| 09/2026 | MANAGEMENT & PRIVATE INVESTORS | IRISH CONTINENTAL GROUP ICG | IRELAND | Marine Passenger |
| 07/2026 | INFRAVIA CAPITAL | D-MARIN | GREECE | Infrastructure & Ground Services |
| 07/2026 | WATERLAND | PRIMELINE GROUP | IRELAND | Warehousing / 3PL |
| 06/2026 | COLIS PRIVE | PAACK | SPAIN | Last Mile Delivery |
| 06/2026 | ICG | PAULO DUARTE GROUP | PORTUGAL | Road Freight |
| 05/2026 | BROOKFIELD | WORLD FREIGHT COMPANY | FRANCE | Freight Forwarding |
| 05/2026 | SAL SAUDI LOGISTICS SERVICES | AVIAPARTNER LIÈGE | BELGIUM | Infrastructure & Ground Services |
| 03/2026 | BC PARTNERS | FORTIDIA | ITALY | Warehousing / 3PL |
| 02/2026 | TIDEWATER | WILSON SONS ULTRATUG | BRAZIL | Marine Cargo |
REFERENCES
Valuation range: EV $1–10bn
Revenue range: $250–500M
EV/Revenue range: 2x - 6x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Fedex Supply Chain by Cma-CGM are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: fedex supply chain
FAQ
What transaction does this page cover?
How was the acquisition of Fedex Supply Chain by Cma-CGM valued, and what multiples were paid?
What was Fedex Supply Chain’s revenue at the time of the deal?
What sources support the information on this transaction?
What is mynth?