Explore All 338 Divestiture Transportation Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | August 22, 2022 |
| Target | TFI International - Contract Freighters Truckload Business |
| Sector | Transportation |
| Buyer(s) | Heartland Express |
| Sellers(s) | TFI International |
| Deal Type | Divestiture |
| Deal Value | 525M USD |
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| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Transportation |
| Employees | 5,220 |
| Revenue | 1.0B USD (2024) |
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 | 6 of 6 |
| Sector: Transportation | 5 of 5 |
| Type: Divestiture | 2 of 2 |
| Country: United States | 6 of 6 |
| Year: 2022 | 2 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-01 |
Smith Transport
Roaring Spring, Pennsylvania, United States Smith Transport is a provider of dry van transportation and other specialized services to retailers, beverage manufacturers, and home supply companies. Smith Transport was founded in 1982 and is based in Roaring Spring, Pennsylvania. |
Buy | $170M |
| Category | Company |
|---|---|
| Founded | 1957 |
| Sector | Transportation |
| Employees | 26,287 |
| Revenue | 8.4B USD (2024) |
TFI International is a North American leader in the transportation and logistics industry, operating across Canada and the United States through its subsidiaries. TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned, operating subsidiaries. Under the TransForce umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International was incorporated in is based in Saint-Laurent, Quebec.
| Deal Context for Seller | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Transportation | 1 of 1 |
| Type: Divestiture | 2 of 2 |
| Country: United States | 1 of 1 |
| Year: 2022 | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-29 |
D&D Sexton
Carthage, Missouri, United States D&D Sexton is a family-owned business operating for more than 40 years, specializing in refrigerated transportation and serving a long-standing customer base with both long-haul over-the-road services as well as local and shuttle operations. D&D has more than 150 company drivers and owner-operators, and close to 40 non-driving employees. D&D Sexton is based in Carthage, Missouri. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-21 |
Axsun
St Hubert, Quebec, Canada Axsun is a provider of intermodal and freight brokerage services operating in multiple locations across Canada and the US. It provides an integrated mix of intermodal services as well as over-the-road highway, drayage, logistics, and warehousing on a primarily asset-light basis. Axsun is based in St Hubert, Quebec. |
Buy | - |
