M&A Deal Summary

Knight-Swift Transportation Acquires UTXL

On June 1, 2021, Knight-Swift Transportation acquired transportation company UTXL for 23M USD

Acquisition Highlights
  • This is Knight-Swift Transportation’s 4th transaction in the Transportation sector.
  • This is Knight-Swift Transportation’s 4th largest (disclosed) transaction.
  • This is Knight-Swift Transportation’s 5th transaction in the United States.
  • This is Knight-Swift Transportation’s 1st transaction in Missouri.

M&A Deal Summary
Date 2021-06-01
Target UTXL
Sector Transportation
Buyer(s) Knight-Swift Transportation
Deal Type Add-on Acquisition
Deal Value 23M USD
Advisor(s) Dysart Taylor (Legal)

Target

UTXL

Kansas City, Missouri, United States
UTXL is a premier third-party logistics company, specializing in over-the-road full truckload and multi-stop loads in any length of haul throughout the United States, Canada, and Mexico. UTXL is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Knight-Swift Transportation

Phoenix, Arizona, United States
Category Company
Founded 1989
Sector Transportation
Employees34,300
Revenue 7.1B USD (2023)
DESCRIPTION
Entrance to Knight Transportation's corporate headquarters in Phoenix, Arizona.
Entrance to Knight Transportation's corporate headquarters in Phoenix, Arizona.

Knight-Swift Transportation is a provider of multiple truckload transportation and logistics services that uses a national network of service centers to serve customers throughout North America. Knight also contracts with third-party equipment providers to provide a broad range of truckload services to its customers. Knight-Swift was formed in 1989 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 5 of 7
Sector (Transportation) 4 of 6
Type (Add-on Acquisition) 4 of 6
State (Missouri) 1 of 1
Country (United States) 5 of 7
Year (2021) 2 of 3
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Eleos Technologies

Greenville, South Carolina, United States

Eleos Technologies is a software provider that creates an independent and programmable mobile driver workflow platform for trucking fleets and truck operators. The platform integrates with a wide variety of telematics, fleet management, and dispatch systems. Eleos Technologies was founded in 2011 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 AAA Cooper Transportation

Dothan, Alabama, United States

AAA Cooper Transportation is a less-than-truckload ("LTL") carrier that also offers dedicated contract carriage and ancillary services. AAA Cooper Transportation was founded in 1955 and is based in Dothan, Alabama.

Buy $1.4B
Mergr

Product

Company

Legal