Covenant - M&A Summary and Business Overview

TransportationCompany

Covenant M&A Summary

Covenant has acquired 1 company.

Covenant’s largest acquisition to date was in 2018, when it acquired Landair Transport for $99M. Covenant has acquired in 1 US state. The Company’s most targeted sectors include transportation (100%).

Covenant Business Overview

Where is Covenant headquartered?

Covenant is headquartered in Chattanooga, Tennessee.

What is Covenant’s revenue?

Covenant disclosed revenue of 1,104M USD for 2023 and 1,217M USD for 2022.

How many employees does Covenant have?

Covenant has 2,900 employees.

What sector is Covenant in?

Covenant is a transportation company.

When was Covenant founded?

Covenant was founded in 1986.

M&A Summary

  • M&A Total Activity1
    • M&A Buy Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1

Covenant

Covenant Logistics Group, Inc.

400 Birmingham Highway,
Chattanooga, Tennessee 37419
United States,
(423) 821-1212
www.covenantlogistics.com

Covenant is a parent holding company for several transportation providers that offer premium services for customers throughout the United States and Mexico. The consolidated group includes operations from Covenant Transport, Inc. and Covenant Transport Solutions, Inc., of Chattanooga, Tenn.; Southern Refrigerated Transport, Inc., of Texarkana, Ark.; and Star Transportation, Inc., of Nashville, Tenn. Covenant was founded in 1986 and is headquartered in Chattanooga, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $99M $99M
Sell (0.0/yr) # - - - - - - 0
  1

Most Recent M&A

Company Date Value Type
Landair Transport, Inc. 2018-07-05 99M USD Add-on Acquisition
Greeneville, Tennessee · www.landair.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Transport Financial Solutions    - Transport Financial Solutions - Transportation Factoring Assets 2020-07-08 1
Chattanooga, Tennessee · www.tfsfactoring.com Chattanooga, Tennessee

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 1 (100%) 99M (100%) - -
Total 1 $99M - -

By Geo

State/Country Buy Value Sell Value
United States 1 99M - -
  Tennessee 1 99M - -
Total 1 $99M - -

Deal Values

buy # Total
< $100M 1 $99M
TOTAL $99M
Largest Landair Transport, Inc.
$99M (2018-07-05)

 Subscribe to unlock this and 208,282
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 204K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.