Add-on Acquisition • Transportation

Hub Group Acquires Mode Transportation

On April 4, 2011, Hub Group acquired transportation company Mode Transportation for 83M USD

Acquisition Context
  • This is Hub Group’s 3rd transaction in the Transportation sector.
  • This is Hub Group’s 6th largest (disclosed) transaction.
  • This is Hub Group’s 3rd transaction in the United States.
  • This is Hub Group’s 1st transaction in Texas.
Investment Fate
  • Mode Transportation was divested to a consortium of buyers in 2018 for 239M USD.

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M&A Deal Summary

Date April 4, 2011
Target Mode Transportation
Sector Transportation
Buyer(s) Hub Group
Deal Type Add-on Acquisition
Deal Value 83M USD

Target Company

Mode Transportation

Dallas, Texas, United States
Mode Transportation is a provider of asset-light based, third-party logistics company focused on delivering truckload, less-than-truckload, intermodal, air and ocean services. Mode Transportation is based in Dallas, Texas.
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Buyer Overview 1

Buyer

Hub Group

Oak Brook, Illinois, United States

Category Company
Founded 1971
Sector Transportation
Employees6,471
Revenue 3.9B USD (2024)
DESCRIPTION
Entrance to Hub Group's corporate headquarters in Oak Brook, Illinois.
Entrance to Hub Group's corporate headquarters in Oak Brook, Illinois.

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 Context for Buyer #
Overall 3 of 9
Sector: Transportation 3 of 9
Type: Add-on Acquisition 3 of 7
State: Texas 1 of 1
Country: United States 3 of 9
Year: 2011 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-25 Comtrak Logistics

Memphis, Tennessee, United States

Comtrak Logistics, Inc. is a rail, intermodal and international drayage company and truckload carrier.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-25 Estenson Logistics

Mesa, Alaska, United States

Estenson Logistics LLC is specializing in providing custom designed, technology driven dedicated transportation and logistics services. Estenson embraces a commitment to safety, efficiency, technology and innovation, and prides itself on maintaining superior service levels on a constant and consistent basis.

Buy $306M