Transportation M&A » By The Online Investor Staff, updated Fri., Apr. 26, 2:14 AM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #18. Universal Truckload Services, Inc. — Westport Axle Corporation
Acquirer:
Universal Truckload Services, Inc. (UACL)
Acquiree:
Westport Axle Corporation
Details:
Universal Truckload Services, Inc. (NASDAQ: UACL) today announced that it has completed the previously-announced acquisition of Westport Axle Corporation ("Westport") for a cash purchase price of $123.0 million, subject to a post-closing adjustment. Based in Louisville, Kentucky, Westport is a provider of value-added warehousing and component distribution services to U.S. manufacturers of Class 4-8 trucks, RVs and super-duty trucks. Westport also machines and distributes steering knuckles and axle components for the automotive industry. For the year-ended December 31, 2012, Westport had operating revenues of $58.4 million, and $66.0 million for the nine months ended September 30, 2013.
Universal Truckload Services is an asset-light provider of transportation and logistics solutions throughout the U.S., Mexico, Canada, and Colombia. Co. has three service categories: transportation, which include dry van, flatbed, heavy haul, dedicated, refrigerated, shuttle and switching operations as well as domestic and international freight forwarding, customs brokerage, final mile and ground expedite; value-added, which include material handling, consolidation, sequencing, sub-assembly, cross-dock services, kitting, repacking, warehousing and returnable container management; and intermodal support, which include rail-truck, steamship-truck and support services.
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