M&A Deal Summary

ArcBest Acquires MoLo

On September 29, 2021, ArcBest acquired transportation company MoLo

Acquisition Highlights
  • This is ArcBest’s 4th transaction in the Transportation sector.
  • This is ArcBest’s 5th transaction in the United States.
  • This is ArcBest’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2021-09-29
Target MoLo
Sector Transportation
Buyer(s) ArcBest
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)
Eversheds LLP (Legal)

Target

MoLo

Chicago, Illinois, United States
MoLo Solutions is a third-party logistics company with a mission to deliver experience in transportation. MoLo provides a better experience for drivers and carriers in our network and offers service to customer partners.

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Buyer(S) 1

Buyer

ArcBest

Fort Smith, Arkansas, United States
Category Company
Founded 1923
Sector Transportation
Employees15,000
Revenue 4.4B USD (2023)
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 5 of 6
Sector (Transportation) 4 of 4
Type (Add-on Acquisition) 5 of 6
State (Illinois) 2 of 2
Country (United States) 5 of 6
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Peak Innovation Center

Fort Smith, Arizona, United States

Peak Innovation Center is a regional career and technology center. Peak Innovation Center is based in Fort Smith, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Phantom Auto

South San Francisco, California, United States

Phantom Auto is specializes in remote operation of all types of vehicles. Phantom’s interoperable solution enables people to remotely supervise, assist, and drive vehicle fleets from up to thousands of miles away – including forklifts, robots, trucks, and more. Phantom Auto is based in South San Francisco, California.

Buy -
Mergr

Product

Company

Legal