M&A Deal Summary

Knight-Swift Transportation Acquires AAA Cooper Transportation

On July 6, 2021, Knight-Swift Transportation acquired transportation company AAA Cooper Transportation for 1.4B USD

Acquisition Highlights
  • This is Knight-Swift Transportation’s 5th transaction in the Transportation sector.
  • This is Knight-Swift Transportation’s largest (disclosed) transaction.
  • This is Knight-Swift Transportation’s 6th transaction in the United States.
  • This is Knight-Swift Transportation’s 1st transaction in Alabama.

M&A Deal Summary

Date 2021-07-06
Target AAA Cooper Transportation
Sector Transportation
Buyer(s) Knight-Swift Transportation
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Maynard Nexsen (Legal)

Target

AAA Cooper Transportation

Dothan, Alabama, United States
website
AAA Cooper Transportation is a less-than-truckload ("LTL") carrier that also offers dedicated contract carriage and ancillary services. AAA Cooper Transportation was founded in 1955 and is based in Dothan, Alabama.

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Buyer(S) 1

Buyer

Knight-Swift Transportation

Phoenix, Arizona, United States

website


Category Company
Founded 1989
Sector Transportation
Employees28,100
Revenue 7.4B USD (2022)
DESCRIPTION
Entrance to Knight Transportation's corporate headquarters in Phoenix, Arizona.
Entrance to Knight Transportation's corporate headquarters in Phoenix, Arizona.

Knight-Swift Transportation is a provider of multiple truckload transportation and logistics services that uses a national network of service centers across the US to serve customers throughout North America. Knight also contracts with third-party equipment providers to provide a broad range of truckload services to its customers. Knight-Swift was formed in 1989 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 6 of 7
Sector (Transportation) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Alabama) 1 of 1
Country (United States) 6 of 7
Year (2021) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 UTXL

Kansas City, Missouri, United States

UTXL is a premier third-party logistics company, specializing in over-the-road full truckload and multi-stop loads in any length of haul throughout the United States, Canada, and Mexico. UTXL is based in Kansas City, Missouri.

Buy $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 U.S. Xpress

Chattanooga, Tennessee, United States

U.S. Xpress provides truckload carrier services in North America offers solo truckload, long haul and expedited load, demand critical, and intermodal transportation services; and logistics, brokerage, and specialized LTL services. U.S. Xpress was founded in 1985 and is based in Chattanooga, Tennessee.

Buy $808M