Add-on Acquisition • Transportation

Heartland Express Acquires Munson Transportation

On March 18, 1994, Heartland Express acquired transportation company Munson Transportation for 73M USD

Acquisition Context
  • This is Heartland Express’ 1st transaction in the Transportation sector.
  • This is Heartland Express’ 4th largest (disclosed) transaction.
  • This is Heartland Express’ 1st transaction in the United States.
  • This is Heartland Express’ 1st transaction in Illinois.

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M&A Deal Summary

Date March 18, 1994
Target Munson Transportation
Sector Transportation
Buyer(s) Heartland Express
Deal Type Add-on Acquisition
Deal Value 73M USD

Target Company

Munson Transportation

Monmouth, Illinois, United States
Munson Transportation Inc. is a trucking firm that serves Northeast and West Coast markets from the central United States.
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Buyer Overview 1

Buyer

Heartland Express

North Liberty, Iowa, United States

Category Company
Founded 1978
Sector Transportation
Employees5,220
Revenue 1.0B USD (2024)
DESCRIPTION

Heartland Express provides truckload transportation services that enables companies to deliver service across their transportation network and improve customer satisfaction. Heartland Express was formed in 1978 and is based in North Liberty, Iowa.


Deal Context for Buyer #
Overall 1 of 6
Sector: Transportation 1 of 5
Type: Add-on Acquisition 1 of 4
State: Illinois 1 of 1
Country: United States 1 of 6
Year: 1994 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 Gordon Trucking

Pacific, Washington, United States

Gordon Trucking, Inc. provides truckload transportation services in the United States and Canada.

Buy -