XPO - M&A Summary and Business Overview

TransportationCompany

XPO M&A Summary

XPO has acquired 17 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

XPO’s largest acquisition to date was in 2015, when it acquired Norbert Dentressangle SA for $3.6B. It’s largest disclosed sale occurred in 2016, when it sold XPO Logistics - North American Truckload Operations to TFI International for $558M. XPO has acquired in 10 different US states, and 4 countries. The Company’s most targeted sectors include transportation (77%) and aerospace (6%).

XPO Business Overview

Where is XPO headquartered?

XPO is headquartered in Greenwich, Connecticut.

What is XPO’s revenue?

XPO disclosed revenue of 7,718M USD for 2022 and 12,806M USD for 2021.

How many employees does XPO have?

XPO has 108,000 employees.

What sector is XPO in?

XPO is a transportation company.

When was XPO founded?

XPO was founded in 2000.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity17
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8
  • M&A Advisors 5

XPO

XPO Logistics, Inc.

Five Greenwich Office Park,
Greenwich, Connecticut 06831
United States,
(855) 976-6951
www.xpo.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 16 1 - - - - 17
vol $7.2B $7.2B
Sell (0.2/yr) # 1 - - 1 - - 2
vol $558M $558M
  19

Most Recent M&A

Company Date Value Type
XPO Logistics - The Intermodal Division 2022-03-25 - Divestiture
Greenwich, Connecticut
Kuehne + Nagel International AG - Contract Logistics Portfolio 2020-03-09 - Divestiture
, United Kingdom
XPO Logistics - North American Truckload Operations 2016-10-27 558M USD Divestiture
Greenwich, Connecticut
Con-way, Inc. 2015-09-09 3.0B USD Add-on Acquisition
Ann Arbor, Michigan · www.con-way.com
Bridge Terminal Transport, Inc. 2015-05-04 - Add-on Acquisition
Charlotte, North Carolina · www.bttinc.com
Norbert Dentressangle SA 2015-04-29 3.6B USD Add-on Acquisition
Lyon, France · www.norbert-dentressangle.co.uk
UX Specialized Logistics 2015-03-10 59M USD Add-on Acquisition
New York City, New York · www.urbanexpress.com
Simply Logistics, Inc. (dba Atlantic Central Logistics) 2014-07-28 37M USD Add-on Acquisition
Elizabeth, New Jersey
Pacer International, Inc. 2014-03-31 - Add-on Acquisition
Dublin, Ohio · www.pacer.com
National Logistics Management, Inc. 2013-12-30 - Divestiture
Detroit, Michigan
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 13 (76%) 6.7B (93%) 2 (100%) 558M (100%)
Aerospace 1 (6%) 43M (1%) - -
Business Services 1 (6%) 59M (1%) - -
Distribution 1 (6%) 365M (5%) - -
Software 1 (6%) 2M (< 1%) - -
Total 17 $7.2B 2 $558M

By Geo

State/Country Buy Value Sell Value
United States 14 3.6B 2 558M
  Michigan 3 3.0B - -
  North Carolina 2 43M - -
  Georgia 2 367M - -
  Connecticut - - 2 558M
  Utah 1 28M - -
  South Carolina 1 22M - -
  Ohio 1 - - -
  New York 1 59M - -
  New Jersey 1 37M - -
  Illinois 1 - - -
Canada 1 100M - -
  Ontario 1 100M - -
France 1 3.6B - -
United Kingdom 1 - - -
Domestic 14 (82%) 3.6B (49%) 2 (100%) 558M (100%)
Cross-border 3 (18%) 3.7B (51%) - -
Total 17 $7.2B 2 $558M

Top M&A Advisors

Financial Deals
EVE Partners LLC
2
Raymond James - Investment Banking
1
J.P. Morgan Securities
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
2

Deal Values

buy # Total
> $1B 2 $6.6B
$100M to $1B 1 $365M
< $100M 7 $291M
TOTAL $7.2B
Largest Norbert Dentressangle SA
$3.6B (2015-04-29)
sell # Total
$100M to $1B 1 $558M
TOTAL $558M
Largest XPO Logistics - North American Truckload Operations
$558M (2016-10-27)

M&A Connections

Deals
Acquired from
Investor(s)
24%
4 (24%)
Strategic(s)
18%
3 (18%)
Divested to
Strategic(s)
100%
2 (100%)

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