M&A Deal Summary

Forward Air Acquires Land Air Express

On January 4, 2023, Forward Air acquired transportation company Land Air Express for 57M USD

Acquisition Highlights
  • This is Forward Air’s 15th transaction in the Transportation sector.
  • This is Forward Air’s 6th largest (disclosed) transaction.
  • This is Forward Air’s 15th transaction in the United States.
  • This is Forward Air’s 1st transaction in Kansas.

M&A Deal Summary
Date 2023-01-04
Target Land Air Express
Sector Transportation
Buyer(s) Forward Air
Deal Type Add-on Acquisition
Deal Value 57M USD

Target

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.

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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 15 of 16
Sector (Transportation) 15 of 16
Type (Add-on Acquisition) 15 of 16
State (Kansas) 1 of 1
Country (United States) 15 of 16
Year (2023) 1 of 2
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-07 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-10 Omni Logistics

Coppell, Texas, United States

Omni Logistics is a provider of global third-party logistics services, including freight forwarding, eCommerce fulfillment, and other value-added supply chain services. Omni Logistics was founded in 2000 and is based in Coppell, Texas.

Buy $150M
Mergr

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