Con-way - M&A Summary, Ownership, and Business Overview

TransportationCompany

Con-way M&A Summary

Con-way has acquired 1 company of its own. It has also divested 1 asset.

Con-way’s largest acquisition to date was in 2007, when it acquired Contract Freighters for $750M. It’s largest disclosed sale occurred in 2004, when it sold Menlo Worldwide Forwarding to United Parcel Service for $260M. Con-way has acquired in 1 US state. The Company’s most targeted sectors include transportation (100%).

Con-way Ownership

Who owns Con-way?

Con-way is owned by XPO. It was acquired on September 9, 2015.

Con-way Business Overview

Where is Con-way headquartered?

Con-way is headquartered in Ann Arbor, Michigan.

How many employees does Con-way have?

Con-way has 29,500 employees.

What sector is Con-way in?

Con-way is a transportation company.

When was Con-way founded?

Con-way was founded in 1929.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Con-way, Inc.

2211 Old Earhart Road, Suite 100,
Ann Arbor, Michigan 48105
United States,
(734) 757-1444
www.con-way.com

Con-way, Inc. is a freight transportation and logistics services company. Con-way delivers services through three primary operating companies: Con-way Freight, Con-way Truckload Services and Menlo Logistics. These operating units provide high-performance, day-definite less-than-truckload and full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services, and trailer manufacturing.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $750M $750M
Sell (0.0/yr) # 1 - - - - - 1
vol $260M $260M
  2

Most Recent M&A

Company Date Value Type
Contract Freighters, Inc. 2007-08-23 750M USD Add-on Acquisition
Joplin, Missouri · www.cfi-us.com
Menlo Worldwide Forwarding, Inc. 2004-12-20 260M USD Divestiture
Redwood City, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 1 (100%) 750M (100%) 1 (100%) 260M (100%)
Total 1 $750M 1 $260M

By Geo

State/Country Buy Value Sell Value
United States 1 750M 1 260M
  Missouri 1 750M - -
  California - - 1 260M
Total 1 $750M 1 $260M

Top M&A Advisors

Financial Deals
Goldman Sachs
1
Morgan Keegan & Company, Inc.
1

Deal Values

buy # Total
$100M to $1B 1 $750M
TOTAL $750M
Largest Contract Freighters, Inc.
$750M (2007-08-23)
sell # Total
$100M to $1B 1 $260M
TOTAL $260M
Largest Menlo Worldwide Forwarding, Inc.
$260M (2004-12-20)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

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