M&A Deal Summary

Schneider National Acquires Cowan Systems

On November 25, 2024, Schneider National acquired transportation company Cowan Systems for 390M USD

Acquisition Highlights
  • This is Schneider National’s 4th transaction in the Transportation sector.
  • This is Schneider National’s largest (disclosed) transaction.
  • This is Schneider National’s 4th transaction in the United States.
  • This is Schneider National’s 1st transaction in Maryland.

M&A Deal Summary
Date 2024-11-25
Target Cowan Systems
Sector Transportation
Buyer(s) Schneider National
Deal Type Add-on Acquisition
Deal Value 390M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)
Scudder Law Firm (Legal)

Target

Cowan Systems

Baltimore, Maryland, United States
Cowan Systems is a dedicated contract carrier with a portfolio of complementary services including brokerage, drayage, and warehousing. Cowan Systems is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

Schneider National

Green Bay, Wisconsin, United States
Category Company
Sector Transportation
DESCRIPTION

Schneider National, Inc. is a provider of truckload, intermodal and logistics services. Offering the broadest portfolio in the industry, Schneider offers solutions that include Regional, Long-Haul, Expedited, Dedicated, Final Mile, Bulk, Intermodal, Brokerage, Cross-Dock Logistics, Supply Chain Management and Port Logistics.

DEAL STATS #
Overall 4 of 4
Sector (Transportation) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Maryland) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 deBoer Transportation

Blenker, Wisconsin, United States

deBoer Transportation is a regional and dedicated carrier. deBoer Transportation is based in Blenker, Wisconsin.

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