M&A Deal Summary

Werner Enterprises Acquires American Institute of Technology

On August 1, 2013, Werner Enterprises acquired transportation company American Institute of Technology from Onex Falcon

Acquisition Highlights
  • This is Werner Enterprises’ 1st transaction in the Transportation sector.
  • This is Werner Enterprises’ 1st transaction in the United States.
  • This is Werner Enterprises’ 1st transaction in Arizona.

M&A Deal Summary
Date 2013-08-01
Target American Institute of Technology
Sector Transportation
Buyer(s) Werner Enterprises
Sellers(s) Onex Falcon
Deal Type Add-on Acquisition

Target

American Institute of Technology

Phoenix, Arizona, United States
American Institute of Technology is a provider of professional truck driver training, including the skills necessary to acquire a commercial driver's license and the knowledge required to have a successful career in truck driving. American Institute of Technology was founded in 1981 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Werner Enterprises

Omaha, Nebraska, United States
Category Company
Founded 1956
Sector Transportation
Employees13,000
Revenue 2.4B USD (2020)
DESCRIPTION
Werner Enterprises' corporate headquarters in Omaha, Nebraska.
Werner Enterprises' corporate headquarters in Omaha, Nebraska.

Werner Enterprises is a transportation and logistics company. Werner's transportation services includes dedicated van, temperature-controlled and flatbed; medium-to-long-haul, regional and local van; and expedited services. Werner Enterprises was formed in 1956 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 1 of 5
Sector (Transportation) 1 of 4
Type (Add-on Acquisition) 1 of 5
State (Arizona) 1 of 2
Country (United States) 1 of 5
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Roadmaster Drivers School

West Memphis, Arizona, United States

Roadmaster Drivers School provides commercial truck driving institute.

Buy -

Seller(S) 1

SELLER

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 15 of 35
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 6 of 15
State (Arizona) 1 of 2
Country (United States) 15 of 35
Year (2013) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-02 ecoATM

San Diego, California, United States

ecoATM operates a network of self-service kiosks that automate the inspection, pricing, payment, and third-party logistics take-back of used portable consumer electronics (mobile phones, MP3 players, tablet PCs) directly from consumers in exchange for cash.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-09 Jason

Milwaukee, Wisconsin, United States

Jason is a manufacturer of seating, finishing, components, and automotive acoustic products. Jason Industries was founded in 1887 and is based in Milwaukee, Wisconsin.

Sell -
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