This Slide: #26 of 28 |
Slide #26. XPO Logistics, Inc. — OHL's Turbo Logistics
Acquirer:
XPO Logistics, Inc. (NYSE:XPO)
Acquiree:
OHL's Turbo Logistics
Details:
XPO Logistics, Inc. announced that it has acquired the operating assets of Turbo Logistics, Inc., the freight brokerage division of Ozburn-Hessey Logistics, LLC (OHL). The cash purchase price was $50 million, excluding any working capital adjustments, with no assumption of debt. The acquisition is expected to be immediately accretive to earnings.
XPO is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.
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Buy (3.46 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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