M&A Deal Summary

Swift Transportation Acquires Central Refrigerated Services

On August 6, 2013, Swift Transportation acquired transportation company Central Refrigerated Services for 225M USD

Acquisition Highlights
  • This is Swift Transportation’s 1st transaction in the Transportation sector.
  • This is Swift Transportation’s largest (disclosed) transaction.
  • This is Swift Transportation’s 1st transaction in the United States.
  • This is Swift Transportation’s 1st transaction in Utah.

M&A Deal Summary

Date 2013-08-06
Target Central Refrigerated Services
Sector Transportation
Buyer(s) Swift Transportation
Deal Type Add-on Acquisition
Deal Value 225M USD
Advisor(s) Stifel, Nicolaus & Co., Inc. (Financial)

Target

Central Refrigerated Services

West Valley City, Utah, United States
Central is a service provider of truckload carrier specializing in temperature-controlled freight transportation.

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Buyer(S) 1

Buyer

Swift Transportation

Phoenix, Arizona, United States

Category Company
Founded 1966
Sector Transportation
Employees20,800
Revenue 4.0B USD (2016)
DESCRIPTION
Swift Transportation's corporate headquarters in Phoenix, Arizona.
Swift Transportation's corporate headquarters in Phoenix, Arizona.

Swift Transportation Co. is a transportation services company, operating a fleet of truckload equipment within the North American market. Swift principally operates in short- to medium-haul traffic lanes around its terminals and dedicated customer locations. Swift's suite of service offerings include line-haul services, dedicated customer contracts, temperature-controlled units, intermodal freight solutions, cross-border United States/Mexico and United States/Canada freight, flatbed hauling, freight brokerage and logistics. Swift Transportation Co. was formed in 1966 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1