M&A Deal Summary

Universal Logistics Holdings Acquires Parsec

On September 30, 2024, Universal Logistics Holdings acquired transportation company Parsec for 194M USD

Acquisition Highlights
  • This is Universal Logistics Holdings’ 8th transaction in the Transportation sector.
  • This is Universal Logistics Holdings’ 2nd largest (disclosed) transaction.
  • This is Universal Logistics Holdings’ 8th transaction in the United States.
  • This is Universal Logistics Holdings’ 1st transaction in Ohio.

M&A Deal Summary
Date 2024-09-30
Target Parsec
Sector Transportation
Buyer(s) Universal Logistics Holdings
Deal Type Add-on Acquisition
Deal Value 194M USD
Advisor(s) Livingstone Partners (Financial)
Katz Teller (Legal)

Target

Parsec

Cincinnati, Ohio, United States
Parsec is a provider of terminal management services to the Class I, regional, and short-line railroads across North America. Parsec was formed in 1949 and is based in Cincinnati, Ohio.

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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 8 of 8
Sector (Transportation) 8 of 8
Type (Add-on Acquisition) 7 of 7
State (Ohio) 1 of 1
Country (United States) 8 of 8
Year (2024) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Roadrunner Intermodal Services

Peachtree City, Georgia, United States

Roadrunner Intermodal Services LLC provides drayage and chassis management services to transport freight between ocean ports, rail ramps and shipping docks through 23 strategically located terminals nationwide.

Buy $51M
Mergr

Product

Company

Legal