M&A Deal Summary

Forward Air Acquires Chickasaw Container Services

On November 7, 2022, Forward Air acquired transportation company Chickasaw Container Services

Acquisition Highlights
  • This is Forward Air’s 14th transaction in the Transportation sector.
  • This is Forward Air’s 14th transaction in the United States.
  • This is Forward Air’s 1st transaction in Alabama.

M&A Deal Summary
Date 2022-11-07
Target Chickasaw Container Services
Sector Transportation
Buyer(s) Forward Air
Deal Type Add-on Acquisition

Target

Chickasaw Container Services

Mobile, Alabama, United States
Chickasaw Container Services is a privately held intermodal drayage provider provided full service drayage and depot operations to numerous steamship lines from home terminal in Mobile. Chickasaw Container Services is based in Mobile, Alabama.

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Buyer(S) 1

Buyer

Forward Air

Greeneville, Tennessee, United States
Category Company
Founded 1981
Sector Transportation
Employees4,014
Revenue 1.4B USD (2023)
DESCRIPTION

Forward Air is a provider of time-definite surface transportation and related logistics services. Forward Air operates three business segments, Forward Air, Inc., Forward Air Solutions, Inc. and Total Quality, Inc. Forward Air was incorporated in 1981 and is based in Greeneville, Tennessee.

DEAL STATS #
Overall 14 of 16
Sector (Transportation) 14 of 16
Type (Add-on Acquisition) 14 of 16
State (Alabama) 1 of 1
Country (United States) 14 of 16
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Edgmon Trucking

Kent, Washington, United States

Edgmon Trucking is a privately held intermodal drayage provider. Edgmon Trucking services its business with approximately 70 trucks, predominantly operated by independent contractors. Edgmon Trucking is based in Kent, Washington.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-04 Land Air Express

Wichita, Kansas, United States

Land Air Express is a privately held full-service expedited LTL provider that offers a variety of services, including guaranteed, standard, exclusive, same-day, hot shot, and pickup and delivery. Land Air Express is based in Wichita, Kansas.

Buy $57M
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