M&A Deal Summary

XPO Acquires Continental Freight Services

On May 8, 2012, XPO acquired transportation company Continental Freight Services for 22M USD

Acquisition Highlights
  • This is XPO’s 3rd transaction in the Transportation sector.
  • This is XPO’s 9th largest (disclosed) transaction.
  • This is XPO’s 3rd transaction in the United States.
  • This is XPO’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2012-05-08
Target Continental Freight Services
Sector Transportation
Buyer(s) XPO
Deal Type Add-on Acquisition
Deal Value 22M USD

Target

Continental Freight Services

Columbia, South Carolina, United States
Continental Freight Services, Inc., a non-asset based, third party logistics company providing truck brokerage services.

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Buyer(S) 1

Buyer

XPO

Greenwich, Connecticut, United States
Category Company
Founded 2000
Sector Transportation
Employees39,000
Revenue 7.7B USD (2023)
DESCRIPTION
XPO office in Charlotte, North Carolina.
XPO office in Charlotte, North Carolina.

XPO is a provider of transportation and logistics solutions. XPO's transportation services include truck brokerage and transportation, less-than-truckload, intermodal, highly-engineered supply chain solutions, contract logistics, last mile, expedite, global forwarding and managed transportation. XPO was founded in 2000 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 3 of 17
Sector (Transportation) 3 of 13
Type (Add-on Acquisition) 3 of 15
State (South Carolina) 1 of 1
Country (United States) 3 of 14
Year (2012) 1 of 2
Size (of disclosed) 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-16 First Class Expediting Service

Rochester Hills, Michigan, United States

FCES is a provider of expedited transportation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-03 Kelron Distribution Systems

Mississauga, Ontario, Canada

Kelron Distribution Systems, Inc. is a provider of transportation logistics solutions for industrial sector.

Buy $100M
Mergr

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