M&A Deal Summary

Covenant Acquires Landair Transport

On July 5, 2018, Covenant acquired transportation company Landair Transport for 99M USD

Acquisition Highlights
  • This is Covenant’s 1st transaction in the Transportation sector.
  • This is Covenant’s largest (disclosed) transaction.
  • This is Covenant’s 1st transaction in the United States.
  • This is Covenant’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2018-07-05
Target Landair Transport
Sector Transportation
Buyer(s) Covenant
Deal Type Add-on Acquisition
Deal Value 99M USD

Target

Landair Transport

Greeneville, Tennessee, United States
Landair Transport, Inc. is a provider of transportation and logistics services. Landair Transport was founded in 1981 and is based in Greeneville, Tennessee.

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Buyer(S) 1

Buyer

Covenant

Chattanooga, Tennessee, United States
Category Company
Founded 1986
Sector Transportation
Employees2,900
Revenue 1.1B USD (2023)
DESCRIPTION

Covenant is a parent holding company for several transportation providers that offer premium services for customers throughout the United States and Mexico. The consolidated group includes operations from Covenant Transport, Inc. and Covenant Transport Solutions, Inc., of Chattanooga, Tenn.; Southern Refrigerated Transport, Inc., of Texarkana, Ark.; and Star Transportation, Inc., of Nashville, Tenn. Covenant was founded in 1986 and is headquartered in Chattanooga, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
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