M&A Deal Summary

Forward Air Acquires CLW Delivery

On September 16, 2020, Forward Air acquired transportation company CLW Delivery for 6M USD

Acquisition Highlights
  • This is Forward Air’s 7th transaction in the Transportation sector.
  • This is Forward Air’s 10th largest (disclosed) transaction.
  • This is Forward Air’s 7th transaction in the United States.
  • This is Forward Air’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-09-16
Target CLW Delivery
Sector Transportation
Buyer(s) Forward Air
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

CLW Delivery

Johnson City, Tennessee, United States
CLW Delivery specializes in last-mile logistics and in-home installation services for national retailers and manufacturers. CLW is headquartered in Johnson City, Tennessee.

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Buyer(S) 1

Buyer

Forward Air

Greeneville, Tennessee, United States

Category Company
Founded 1981
Sector Transportation
Employees6,319
Revenue 2.5B USD (2024)
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 7 of 16
Sector: Transportation M&A 7 of 16
Type: Add-on Acquisition M&A Deals 7 of 16
State: Tennessee M&A 1 of 2
Country: United States M&A 7 of 16
Year: 2020 M&A 1 of 2
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Linn Star Transfer

Cedar Rapids, Iowa, United States

Linn Star Transfer, Inc. specializes in last-mile logistics and in-home installation services for a range of national retailers and manufacturers. LSHI was formed in 1986 and is headquartered in Cedar Rapids, IA with operations primarily in the Midwest and Southwest regions.

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Value Logistics

Memphis, Tennessee, United States

Value Logistics, Inc. is a provider of an intermodal drayage provider. Value Logistics was founded in 1996 and is based in Memphis, Tennessee.

Buy $2M