Investment Summary

XPO Exits RXO

On November 1, 2022, invested in transportation company RXO from XPO

Investment Highlights
  • This is transaction in the Transportation sector.
  • This is transaction in the United States.
  • This is transaction in North Carolina.

Investment Summary

Date 2022-11-01
Target RXO
Sector Transportation
Sellers(s) XPO
Deal Type Spin Off

Target

RXO

Charlotte, North Carolina, United States
RXO provides asset-light transportation solutions by offering tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding, and last-mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America. RXO is headquartered in Charlotte, North Carolina.

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Seller(S) 1

SELLER

XPO

Greenwich, Connecticut, United States

Category Company
Founded 2000
Sector Transportation
Employees38,000
Revenue 8.1B USD (2024)
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 4 of 4
Sector: Transportation M&A 4 of 4
Type: Spin Off M&A Deals 2 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-25 XPO Logistics - The Intermodal Division

Greenwich, Connecticut, United States

The Intermodal Division is a provider of containerized transportation services, providing intermodal drayage and rail brokerage services for retailers, manufacturers, third-party logistics providers, and other types of customers.

Sell -