M&A Deal Summary

Knight-Swift Transportation Acquires Swift Transportation

On April 10, 2017, Knight-Swift Transportation acquired transportation company Swift Transportation

Acquisition Highlights
  • This is Knight-Swift Transportation’s 3rd transaction in the Transportation sector.
  • This is Knight-Swift Transportation’s 3rd transaction in the United States.
  • This is Knight-Swift Transportation’s 2nd transaction in Arizona.

M&A Deal Summary
Date 2017-04-10
Target Swift Transportation
Sector Transportation
Buyer(s) Knight-Swift Transportation
Deal Type Merger
Advisor(s) Morgan Stanley (Financial)
Kirkland & Ellis (Legal)

Target

Swift Transportation

Phoenix, Arizona, United States
website
Swift Transportation's corporate headquarters in Phoenix, Arizona.
Swift Transportation's corporate headquarters in Phoenix, Arizona.
Swift Transportation Co. is a transportation services company, operating a fleet of truckload equipment within the North American market. Swift principally operates in short- to medium-haul traffic lanes around its terminals and dedicated customer locations. Swift's suite of service offerings include line-haul services, dedicated customer contracts, temperature-controlled units, intermodal freight solutions, cross-border United States/Mexico and United States/Canada freight, flatbed hauling, freight brokerage and logistics. Swift Transportation Co. was formed in 1966 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Knight-Swift Transportation

Phoenix, Arizona, United States

website

Category Company
Founded 1989
Sector Transportation
Employees28,100
Revenue 7.4B USD (2022)
DESCRIPTION
Entrance to Knight Transportation's corporate headquarters in Phoenix, Arizona.
Entrance to Knight Transportation's corporate headquarters in Phoenix, Arizona.

Knight-Swift Transportation is a provider of multiple truckload transportation and logistics services that uses a national network of service centers across the US to serve customers throughout North America. Knight also contracts with third-party equipment providers to provide a broad range of truckload services to its customers. Knight-Swift was formed in 1989 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 3 of 7
Sector (Transportation) 3 of 6
Type (Merger) 1 of 1
State (Arizona) 2 of 2
Country (United States) 3 of 7
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Barr-Nunn Transportation

Granger, Iowa, United States

Barr-Nunn Transportation, Inc. is a provider of dry van truckload transportation services from its headquarters near Des Moines, Iowa, and leased facilities located in Ohio, Pennsylvania, and North Carolina. The company's primary operating territory is the eastern United States. The company has a strong niche in the expedited and service-sensitive marketplace.

Buy $112M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Eleos Technologies

Greenville, South Carolina, United States

Eleos Technologies is a software provider that creates an independent and programmable mobile driver workflow platform for trucking fleets and truck operators. The platform integrates with a wide variety of telematics, fleet management, and dispatch systems. Eleos Technologies was founded in 2011 and is based in Greenville, South Carolina.

Buy -
Mergr

Product

Company

Legal