M&A Deal Summary

Estes Express Lines Acquires G.I. Trucking

On August 1, 2001, Estes Express Lines acquired transportation company G.I. Trucking from ArcBest for 40M USD

Acquisition Highlights
  • This is Estes Express Lines’ 1st transaction in the Transportation sector.
  • This is Estes Express Lines’ largest (disclosed) transaction.
  • This is Estes Express Lines’ 1st transaction in the United States.
  • This is Estes Express Lines’ 1st transaction in California.

M&A Deal Summary
Date 2001-08-01
Target G.I. Trucking
Sector Transportation
Buyer(s) Estes Express Lines
Sellers(s) ArcBest
Deal Type Divestiture
Deal Value 40M USD

Target

G.I. Trucking

La Mirada, California, United States
G.I. Trucking Co. is a non-union regional LTL carriers in the western/southwestern states of United States.

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Buyer(S) 1

Buyer

Estes Express Lines

Richmond,, Virginia, United States

website

Category Company
Founded 1931
Sector Transportation
DESCRIPTION

Estes Express Lines, Inc. is a provider of freight transportation solutions in the United States and internationally.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

ArcBest

Fort Smith, Arkansas, United States

website

Category Company
Founded 1923
Sector Transportation
Employees15,700
Revenue 5.3B USD (2022)
DESCRIPTION

ArcBest is a provider of logistics and transportation services. ArcBest was incorporated in 1923 and is based in Fort Smith, Arkansas.

DEAL STATS #
Overall 4 of 5
Sector (Transportation) 4 of 5
Type (Divestiture) 4 of 5
State (California) 2 of 2
Country (United States) 4 of 5
Year (2001) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-03 Integrated Distribution Inc

Little Rock, Arkansas, United States

Integrated Distribution, is a logistics company whose services includes truckload, freight consolidation and warehousing.

Sell $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-15 Wheels Clipper

Woodridge, Illinois, United States

Wheels Clipper offers a full range of light-asset and non-asset based services and solutions that optimizes supply chains and improves business efficiency. Wheels Clipper offers one-stop integrated highway, rail, TL, LTL and warehousing services and access to over 2000 carriers and all Class 1 North American railroads.

Sell -
Mergr

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