Airlines M&A » By The Online Investor Staff, updated Fri., Jul. 1, 12:12 PM
Recent mergers and acquisitions in the Airlines M&A category.
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Slide #23. Forward Air Corporation — Total Quality, Inc.
Acquirer:
Forward Air Corporation (NASDAQ:FWRD)
Acquiree:
Total Quality, Inc.
Details:
Forward Air Corporation (NASDAQ:FWRD) today announced that it has acquired Total Quality, Inc. (TQI), a premium provider of maximum security and temperature-controlled services to the pharmaceutical and life science industries.
Forward Air is an asset-light freight and logistics company. Co. provides less-than-truckload (LTL), final mile, truckload, intermodal drayage and pool distribution services. Co.'s services are classified into three reportable segments: Expedited Freight, which provides expedited regional, inter-regional and national LTL, final mile and truckload services; Intermodal, which provides first- and last-mile intermodal container drayage services both to and from seaports and railheads; and Pool Distribution, which provides pool distribution services through a network of terminals and service locations throughout the Mid-Atlantic, Southeast, Midwest and Southwest United States.
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Avg. Broker Rec.
 
|
Buy (3.33 out of 4) 37th percentile
(ranked lower than approx. 63% of all stocks covered)
Analysts' Target Price: FWRD Stock Forecast Based on Zacks ABR data; powered by Xignite |
