M&A Deal Summary

Con-way Acquires Contract Freighters

On August 23, 2007, Con-way acquired transportation company Contract Freighters for 750M USD

Acquisition Highlights
  • This is Con-way’s 1st transaction in the Transportation sector.
  • This is Con-way’s largest (disclosed) transaction.
  • This is Con-way’s 1st transaction in the United States.
  • This is Con-way’s 1st transaction in Missouri.

M&A Deal Summary
Date 2007-08-23
Target Contract Freighters
Sector Transportation
Buyer(s) Con-way
Deal Type Add-on Acquisition
Deal Value 750M USD

Target

Contract Freighters

Joplin, Missouri, United States
Contract Freighters, Inc., is a truckload carrier, operates 2,600 tractors and 7,000 trailers and serves shippers throughout the US and Mexico.

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Buyer(S) 1

Buyer

Con-way

Ann Arbor, Michigan, United States
Category Company
Founded 1929
Sector Transportation
Employees29,500
Revenue 5.5B USD (2013)
DESCRIPTION

Con-way, Inc. is a freight transportation and logistics services company. Con-way delivers services through three primary operating companies: Con-way Freight, Con-way Truckload Services and Menlo Logistics. These operating units provide high-performance, day-definite less-than-truckload and full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services, and trailer manufacturing.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-20 Menlo Worldwide Forwarding

Redwood City, California, United States

Menlo Worldwide Forwarding is a global freight forwarder present in 175 countries providing a range of heavy air freight forwarding services, ocean services and international trade management, including customs brokerage. It had US$2.2bn in gross revenues in 2004. It provides time-definite domestic and international air freight and ocean forwarding services, customs brokerage, and other trade services.

Sell $260M
Mergr

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