M&A Deal Summary

Universal Logistics Holdings Acquires Fore Transportation

On February 2, 2018, Universal Logistics Holdings acquired transportation company Fore Transportation for 35M USD

Acquisition Highlights
  • This is Universal Logistics Holdings’ 2nd transaction in the Transportation sector.
  • This is Universal Logistics Holdings’ 6th largest (disclosed) transaction.
  • This is Universal Logistics Holdings’ 2nd transaction in the United States.
  • This is Universal Logistics Holdings’ 1st transaction in Illinois.

M&A Deal Summary
Date 2018-02-02
Target Fore Transportation
Sector Transportation
Buyer(s) Universal Logistics Holdings
Deal Type Add-on Acquisition
Deal Value 35M USD
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)

Target

Fore Transportation

Harvey, Illinois, United States
Fore Transportation, Inc. is a provider of intermodal logistics solutions, including local and regional drayage services, yard services, chassis rental, and repair and maintenance. Fore Transportation, Inc. was founded in 1994 and is based in Harvey, Illinois.

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Buyer(S) 1

Buyer

Universal Logistics Holdings

Warren, Michigan, United States
Category Company
Founded 1932
Sector Transportation
Employees9,311
Revenue 1.7B USD (2023)
DESCRIPTION

Universal Logistics Holdings is a provider of transportation services to shippers. Universal's trucking services include both flatbed and dry van operations and Universal provides rail-truck and steamship-truck intermodal support services. Universal Logistics Holdings was founded in 1932 and is based in Warren, Michigan.

DEAL STATS #
Overall 2 of 8
Sector (Transportation) 2 of 8
Type (Add-on Acquisition) 2 of 7
State (Illinois) 1 of 2
Country (United States) 2 of 8
Year (2018) 1 of 4
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-26 Linc Logistics

Warren, Michigan, United States

LINC Logistics Company is a provider of mission-critical third-party logistics solutions that allow its customers and clients to reduce costs and manage their global supply chains more efficiently. LINC offers a comprehensive suite of supply chain logistics services, including value-added, transportation and specialized services. LINC's value-added logistics services include material handling and consolidation, sequencing and sub-assembling, kitting and repacking, and returnable container management.

Buy $335M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-10 Southern Counties Express

Rancho Dominguez, California, United States

Southern Counties Express, Inc. is a provider of full-service harbor drayage, transloading, warehousing, and project cargo services to a portfolio of Fortune 500 companies across a number of industries, including Retail, Electronics and Health & Fitness Equipment. Southern Counties Express, Inc. was founded in 1990 and is based in Rancho Dominguez, California.

Buy $65M
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