Hub Group - M&A Summary and Business Overview

TransportationCompany

Hub Group M&A Summary

Hub Group has acquired 8 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Hub Group’s largest acquisition to date was in 2017, when it acquired Estenson Logistics for $306M. Hub Group has acquired in 8 different US states. The Company’s most targeted sectors include transportation (100%).

Hub Group Business Overview

Where is Hub Group headquartered?

Hub Group is headquartered in Oak Brook, Illinois.

What is Hub Group’s revenue?

Hub Group disclosed revenue of 5,340M USD for 2022 and 4,232M USD for 2021.

How many employees does Hub Group have?

Hub Group has 5,900 employees.

What sector is Hub Group in?

Hub Group is a transportation company.

When was Hub Group founded?

Hub Group was founded in 1971.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity8
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 1

Hub Group

Hub Group, Inc.

2001 Hub Group Way,
Oak Brook, Illinois 60523
United States,
(630) 271-3600
www.hubgroup.com

Hub Group is an asset-light freight transportation management company providing intermodal, truck brokerage and logistics services. Hub Group was formed in 1971 and is based in Oak Brook, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 5 - 1 1 1 - 8
vol $652M $130M $103M $262M $1.1B
Sell (0.0/yr) # - - - - - - 0
  8

Most Recent M&A

Company Date Value Type
Forward Air - Final Mile Business 2023-12-20 262M USD Divestiture
, United States
TAGG Logistics LLC 2022-08-22 103M USD Add-on Acquisition
St. Louis, Missouri · www.tagglogistics.com
Choptank Transport, Inc. 2021-10-19 130M USD Add-on Acquisition
Preston, Maryland · www.choptanktransport.com
CaseStack, Inc. 2018-11-05 225M USD Add-on Acquisition
Santa Monica, California · www.casestack.com
Estenson Logistics LLC 2017-05-25 306M USD Add-on Acquisition
Mesa, Alaska · www.estensonlogistics.com
Mode Transportation LLC 2011-04-04 83M USD Add-on Acquisition
Dallas, Texas · www.modetransportation.com
Comtrak Logistics, Inc. 2006-01-25 38M USD Add-on Acquisition
Memphis, Tennessee · www.comtrakinc.com
Quality Services LLC 1993-01-01 - Add-on Acquisition
, Montana
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Mode Transportation LLC 2011-04-04 SunteckTTS, Inc. 2019-11-18 1
Dallas, Texas · www.modetransportation.com Jacksonville, Florida · www.suntecktts.com

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 8 (100%) 1.1B (100%) - -
Total 8 $1.1B - -

By Geo

State/Country Buy Value Sell Value
United States 8 1.1B - -
  Maryland 1 130M - -
  California 1 225M - -
  Alaska 1 306M - -
  Texas 1 83M - -
  Tennessee 1 38M - -
  Montana 1 - - -
  Missouri 1 103M - -
Total 8 $1.1B - -

Top M&A Advisors

Legal Deals
Winston & Strawn
 3

Deal Values

buy # Total
$100M to $1B 5 $1.0B
< $100M 2 $121M
TOTAL $1.1B
Largest Estenson Logistics LLC
$306M (2017-05-25)

M&A Connections

Deals
Acquired from
Investor(s)
25%
2 (25%)
Strategic(s)
13%
1 (13%)

Company Summary

SECTOR

Transportation

Revenue

5,340   27% 2022
4,232   22% 2021
3,496   5% 2020
3,668   1% 2019
3,684   9% 2018
4,035   13% 2017
3,573   2% 2016
3,526   2% 2015
3,571   6% 2014
3,374   9% 2013
3,124   2012
(millions of USD) Show More Show Less

Employees

5,900

Established

1971

Public

NASDAQ: HUBG

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Illinois Companies , Transportation Companies , United States Companies , Illinois Transportation Companies , Illinois Transportation with Acquisitions , Illinois Transportation with Divestitures

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