M&A Deal Summary

Estes Express Lines Acquires G.I. Trucking Co.

On August 1, 2001, Estes Express Lines acquired transportation company G.I. Trucking Co. from ArcBest for 40M USD

Acquisition Highlights
  • This is Estes Express Lines’ 1st transaction in the Transportation sector.
  • This is Estes Express Lines’ largest (disclosed) transaction.
  • This is Estes Express Lines’ 1st transaction in the United States.
  • This is Estes Express Lines’ 1st transaction in California.

M&A Deal Summary

Date 2001-08-01
Target G.I. Trucking Co.
Sector Transportation
Buyer(s) Estes Express Lines
Sellers(s) ArcBest
Deal Type Divestiture
Deal Value 40M USD

Target

G.I. Trucking Co.

La Mirada, California, United States
G.I. Trucking Co. is a non-union regional LTL carriers in the western/southwestern states of United States.

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Buyer(S) 1

Buyer

Estes Express Lines

Richmond,, Virginia, United States

Category Company
Founded 1931
Sector Transportation
DESCRIPTION

Estes Express Lines, Inc. is a provider of freight transportation solutions in the United States and internationally.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 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 STATS #
Overall 4 of 5
Sector: Transportation M&A 4 of 5
Type: Divestiture M&A Deals 4 of 5
State: California M&A 2 of 2
Country: United States M&A 4 of 5
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-15 Wheels Clipper

Woodridge, Illinois, United States

Wheels Clipper offers a full range of light-asset and non-asset based services and solutions that optimizes supply chains and improves business efficiency. Wheels Clipper offers one-stop integrated highway, rail, TL, LTL and warehousing services and access to over 2000 carriers and all Class 1 North American railroads.

Sell -