Divestiture • Transportation

Dirksen Transportation Inc Acquires The Complete Logistics Co.

On August 18, 1997, Dirksen Transportation Inc acquired transportation company The Complete Logistics Co. from ArcBest for 3M USD

Acquisition Context
  • This is Dirksen Transportation Inc’s 1st transaction in the Transportation sector.
  • This is Dirksen Transportation Inc’s largest (disclosed) transaction.
  • This is Dirksen Transportation Inc’s 1st transaction in the United States.
  • This is Dirksen Transportation Inc’s 1st transaction in California.

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M&A Deal Summary

Date August 18, 1997
Target The Complete Logistics Co.
Sector Transportation
Buyer(s) Dirksen Transportation Inc
Sellers(s) ArcBest
Deal Type Divestiture
Deal Value 3M USD

Target Company

The Complete Logistics Co.

Mira Loma, California, United States
The Complete Logistics Co. is a logistics provider, provides transportation and supply chain management services.
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Buyer Overview 1

Buyer

Dirksen Transportation Inc

Manteca, California, United States

Category Company
Sector Transportation
DESCRIPTION

Dirksen Transportation, Inc is a dedicated logistics company.


Deal Context for Buyer #
Overall 1 of 1
Sector: Transportation 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 1997 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

ArcBest

Fort Smith, Arkansas, United States

Category Company
Founded 1923
Sector Transportation
Employees15,000
Revenue 4.2B USD (2024)
DESCRIPTION

ArcBest is a provider of logistics and transportation services. ArcBest was incorporated in 1923 and is based in Fort Smith, Arkansas.


Deal Context for Seller #
Overall 2 of 5
Sector: Transportation 2 of 5
Type: Divestiture 2 of 5
State: California 1 of 2
Country: United States 2 of 5
Year: 1997 2 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-15 Cardinal Logistics

Concord, North Carolina, United States

Cardinal Logistics is a third-party logistics, transportation, and supply chain solutions provider. Cardinal Logistics unique approach to outsourcing combines dedicated shipping resources with extensive industry expertise and the most advanced logistics technology to help companies maximize their supply and demand chains. Cardinal Logistics was founded in 1997 and is based in Concord, North Carolina.

Sell $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-11-03 Integrated Distribution Inc

Little Rock, Arkansas, United States

Integrated Distribution, is a logistics company whose services includes truckload, freight consolidation and warehousing.

Sell $6M