M&A Deal Summary

Universal Logistics Holdings Acquires Roadrunner Intermodal Services

On November 5, 2019, Universal Logistics Holdings acquired transportation company Roadrunner Intermodal Services from Roadrunner Transportation for 51M USD

Acquisition Highlights
  • This is Universal Logistics Holdings’ 7th transaction in the Transportation sector.
  • This is Universal Logistics Holdings’ 5th largest (disclosed) transaction.
  • This is Universal Logistics Holdings’ 7th transaction in the United States.
  • This is Universal Logistics Holdings’ 1st transaction in Georgia.

M&A Deal Summary
Date 2019-11-05
Target Roadrunner Intermodal Services
Sector Transportation
Buyer(s) Universal Logistics Holdings
Sellers(s) Roadrunner Transportation
Deal Type Divestiture
Deal Value 51M USD

Target

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.

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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 7 of 8
Sector (Transportation) 7 of 8
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 7 of 8
Year (2019) 2 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 Michael s Cartage

Bridgeview, Illinois, United States

Michael's Cartage, Inc. is a provider of full-service intermodal drayage services. Michael's Cartage, Inc. is based in Bridgeview, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 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.

Buy $194M

Seller(S) 1

SELLER

Roadrunner Transportation

Downers Grove, Illinois, United States
Category Company
Founded 2005
Sector Transportation
Employees3,600
Revenue 1.8B USD (2019)
DESCRIPTION

Roadrunner Transportation is an asset-light transportation and supply chain solutions provider offering a full suite of services, including less-than-truckload, truckload, temperature-controlled, intermodal, expedited, and domestic and international air. Roadrunner Transportation was founded in 2005 and is based in Downers Grove, Illinois.

DEAL STATS #
Overall 2 of 5
Sector (Transportation) 2 of 4
Type (Divestiture) 2 of 4
State (Georgia) 1 of 1
Country (United States) 2 of 5
Year (2019) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 Unitrans International

Inglewood, California, United States

Unitrans International Corp. is a provider of international logistics solutions. Unitrans offers customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments. Unitrans International Corp. was established in 1977 and is based in Inglewood, California.

Sell $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 D&E Transport

Clearwater, Minnesota, United States

D&E Transport, Inc. provides reliable flatbed service to a broad range of customers in the industrial, agriculture and general freight markets.

Sell $30M
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