Heartland Express - M&A Summary and Business Overview

TransportationCompany

Heartland Express M&A Summary

Heartland Express has acquired 6 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms.

Heartland Express’ largest acquisition to date was in 2022, when it acquired TFI International - Contract Freighters Truckload Business for $525M. Heartland Express has acquired in 5 different US states. The Company’s most targeted sectors include transportation (84%) and information technology (17%).

Heartland Express Business Overview

Where is Heartland Express headquartered?

Heartland Express is headquartered in North Liberty, Iowa.

What is Heartland Express’ revenue?

Heartland Express disclosed revenue of 968M USD for 2022 and 607M USD for 2021.

How many employees does Heartland Express have?

Heartland Express has 6,500 employees.

What sector is Heartland Express in?

Heartland Express is a transportation company.

When was Heartland Express founded?

Heartland Express was founded in 1978.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 1

Heartland Express

Heartland Express, Inc.

901 North Kansas Avenue,
North Liberty, Iowa 52317
United States,
(319) 645-7060
www.heartlandexpress.com

Heartland Express provides truckload transportation services that enables companies to deliver service across their transportation network and improve customer satisfaction. Heartland Express was formed in 1978 and is based in North Liberty, Iowa.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 - - 2 - - 6
vol $186M $695M $881M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
TFI International - Contract Freighters Truckload Business 2022-08-22 525M USD Divestiture
, United States
Smith Transport, Inc. 2022-06-01 170M USD Add-on Acquisition
Roaring Spring, Pennsylvania · www.smithtransport.com
Interstate Distributor Co. 2017-07-06 113M USD Divestiture
Tacoma, Washington · www.intd.com
XPIENT Solutions 2014-11-10 - Add-on Acquisition
Charlotte, North Carolina · www.xpient.com
Gordon Trucking, Inc. 2013-11-11 - Add-on Acquisition
Pacific, Washington · www.gordontrucking.com
Munson Transportation, Inc. 1994-03-18 73M USD Add-on Acquisition
Monmouth, Illinois
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Gordon Trucking, Inc. 2013-11-11 Buske Lines, Inc. 2022-03-14 1
Pacific, Washington · www.gordontrucking.com Edwardsville, Illinois · www.buske.com

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 5 (83%) 881M (100%) - -
Information Technology 1 (17%) - - -
Total 6 $881M - -

By Geo

State/Country Buy Value Sell Value
United States 6 881M - -
  Washington 2 113M - -
  Pennsylvania 1 170M - -
  North Carolina 1 - - -
  Illinois 1 73M - -
Total 6 $881M - -

Top M&A Advisors

Legal Deals
Scudder Law Firm
3

Deal Values

buy # Total
$100M to $1B 3 $808M
< $100M 1 $73M
TOTAL $881M
Largest TFI International - Contract Freighters Truckload Business
$525M (2022-08-22)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
33%
2 (33%)

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