M&A Deal Summary

Forward Air Acquires Linn Star Transfer

On December 12, 2019, Forward Air acquired transportation company Linn Star Transfer for 57M USD

Acquisition Highlights
  • This is Forward Air’s 6th transaction in the Transportation sector.
  • This is Forward Air’s 5th largest (disclosed) transaction.
  • This is Forward Air’s 6th transaction in the United States.
  • This is Forward Air’s 1st transaction in Iowa.

M&A Deal Summary
Date 2019-12-12
Target Linn Star Transfer
Sector Transportation
Buyer(s) Forward Air
Deal Type Add-on Acquisition
Deal Value 57M USD

Target

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.

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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 6 of 16
Sector (Transportation) 6 of 16
Type (Add-on Acquisition) 6 of 16
State (Iowa) 1 of 1
Country (United States) 6 of 16
Year (2019) 2 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 FSA Logistix

Fort Lauderdale, Florida, United States

FSA Network, Inc. provides last mile logistics for a wide range of American companies, including national retailers, manufacturers, eTailers, and third party logistics companies. FSA Network, Inc. was founded in 1978 and is based in Fort Lauderdale, Florida.

Buy $27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 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.

Buy $6M
Mergr

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