M&A Deal Summary |
|
---|---|
Date | 2023-12-20 |
Target | Forward Air - Final Mile Business |
Sector | Transportation |
Buyer(s) | Hub Group |
Sellers(s) | Forward Air |
Deal Type | Divestiture |
Deal Value | 262M USD |
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Category | Company |
---|---|
Founded | 1971 |
Sector | Transportation |
Employees | 5,897 |
Revenue | 4.2B USD (2023) |
Hub Group is an asset-light freight transportation management company providing intermodal, truck brokerage and logistics services. Hub Group was formed in 1971 and is based in Oak Brook, Illinois.
DEAL STATS | # |
---|---|
Overall | 8 of 8 |
Sector (Transportation) | 8 of 8 |
Type (Divestiture) | 1 of 1 |
Country (United States) | 8 of 8 |
Year (2023) | 1 of 1 |
Size (of disclosed) | 2 of 7 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-08-22 |
TAGG Logistics
St. Louis, Missouri, United States TAGG Logistics is a third-party logistics (3PL) provider specializing in order fulfillment, contract distribution services, and contract packaging, kitting, and assembly. TAGG Logistics is the nationwide fulfillment, distribution, and packaging provider built to deliver Your Business EverywhereSM by efficiently serving consumers when, where, and how they shop today. TAGG Logistics was founded in 2006 and is based in St. Louis, Missouri. |
Buy | $103M |
Category | Company |
---|---|
Founded | 1981 |
Sector | Transportation |
Employees | 4,014 |
Revenue | 1.4B USD (2023) |
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 | 2 of 2 |
Sector (Transportation) | 2 of 2 |
Type (Divestiture) | 2 of 2 |
Country (United States) | 2 of 2 |
Year (2023) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
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 |