M&A Deal Summary

Forward Air Acquires Edgmon Trucking

On May 9, 2022, Forward Air acquired transportation company Edgmon Trucking for 22M USD

Acquisition Highlights
  • This is Forward Air’s 13th transaction in the Transportation sector.
  • This is Forward Air’s 8th largest (disclosed) transaction.
  • This is Forward Air’s 13th transaction in the United States.
  • This is Forward Air’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-05-09
Target Edgmon Trucking
Sector Transportation
Buyer(s) Forward Air
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Edgmon Trucking

Kent, Washington, United States
website
Edgmon Trucking is a privately held intermodal drayage provider. Edgmon Trucking services its business with approximately 70 trucks, predominantly operated by independent contractors. Edgmon Trucking is based in Kent, Washington.

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Buyer(S) 1

Buyer

Forward Air

Greeneville, Tennessee, United States

website

Category Company
Founded 1981
Sector Transportation
Employees4,155
Revenue 2.0B USD (2022)
DESCRIPTION

Forward Air is a provider of time-definite surface transportation and related logistics services to the North American expedited ground freight market.Forward Air Corporation operates three business segments, Forward Air, Inc., Forward Air Solutions, Inc. and Total Quality, Inc. Forward Air was incorporated in 1981 and is based in Greeneville, Tennessee.

DEAL STATS #
Overall 13 of 16
Sector (Transportation) 13 of 16
Type (Add-on Acquisition) 13 of 16
State (Washington) 1 of 1
Country (United States) 13 of 16
Year (2022) 1 of 2
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 BarOle Trucking

Hudson, Wisconsin, United States

BarOle Trucking is a provider of Intermodal Carrier services. BarOle Trucking was founded in 1984 and is based in Hudson, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-07 Chickasaw Container Services

Mobile, Alabama, United States

Chickasaw Container Services is a privately held intermodal drayage provider provided full service drayage and depot operations to numerous steamship lines from home terminal in Mobile. Chickasaw Container Services is based in Mobile, Alabama.

Buy -
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