M&A Deal Summary

Forward Air Acquires Proficient Transport

On February 12, 2021, Forward Air acquired transportation company Proficient Transport for 15M USD

Acquisition Highlights
  • This is Forward Air’s 9th transaction in the Transportation sector.
  • This is Forward Air’s 9th largest (disclosed) transaction.
  • This is Forward Air’s 9th transaction in the United States.
  • This is Forward Air’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2021-02-12
Target Proficient Transport
Sector Transportation
Buyer(s) Forward Air
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Proficient Transport

Chicago, Illinois, United States
Proficient Transport, Inc. is in the business of providing premium intermodal services. The Company's goal is to move freight and create solutions designed to solve customers' transportation needs. Proficient Transport, Inc. was founded in 2004 and is based in Chicago, Illinois.

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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 9 of 16
Sector (Transportation) 9 of 16
Type (Add-on Acquisition) 9 of 16
State (Illinois) 2 of 2
Country (United States) 9 of 16
Year (2021) 1 of 4
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-12 Forward Air - Pool Distribution Business

Greeneville, Tennessee, United States

Forward Air's Pool Distribution Business provides services for retail, healthcare, parts distribution, hospitality, and other specialized industries. Forward Air's Pool Distribution Business is based in Greeneville, Tennessee.

Sell $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 J&P Hall Express

Forest Park, Georgia, United States

J&P Hall Express offers a portfolio of transportation services including LTL, Full Truckload, LCL, CFS warehousing, and airport transfers across the Southeastern United States. J&P Hall Express operates with approximately 70 trucks and 110 total employees. J&P Hall Express was founded in 1989 and is based in Forest Park, Georgia.

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