M&A Deal Summary

ArcBest Acquires Phantom Auto

On January 18, 2022, ArcBest acquired information technology company Phantom Auto

Acquisition Highlights
  • This is ArcBest’s 1st transaction in the Information Technology sector.
  • This is ArcBest’s 6th transaction in the United States.
  • This is ArcBest’s 1st transaction in California.

M&A Deal Summary
Date 2022-01-18
Target Phantom Auto
Sector Information Technology
Buyer(s) ArcBest
Deal Type Add-on Acquisition

Target

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.

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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 6 of 6
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (California) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 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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