Transportation M&A » By The Online Investor Staff, updated Tue., Apr. 13, 9:22 AM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #44. Swift Transportation Company — Central Refrigerated Transportation, Inc.
Acquirer:
Swift Transportation Company (SWFT)
Acquiree:
Central Refrigerated Transportation, Inc.
Details:
Swift Transportation Company ("Swift") (NYSE:SWFT">SWFT) announced that today it acquired privately held Central Refrigerated Transportation, Inc. ("Central"), a leading provider of refrigerated trucking services, in a transaction valued at $225 million, including approximately $189 million in cash and $36 million of assumed capital lease obligations and other financial debt. Headquartered in West Valley City, Utah, Central is a premium service truckload carrier specializing in temperature-controlled freight transportation. Central is the fifth-largest provider of temperature-controlled truckload services in the U.S., generating $504 million of revenue and $50 million of EBITDA over the twelve months ended June 30, 2013.
Swift Transportation is a transportation services company. Co. has four segments: Truckload, which consists of one-way movements over irregular routes throughout the U.S., Mexico and Canada; Dedicated, which uses its equipment to specific customers and provides tailored solutions under contracts; Swift Refrigerated, which consists of shipments for customers that require temperature-controlled trailers; and Intermodal, which moves freight over the rail in its containers or other trailing equipment. As of Dec 31 2016, Co.'s fleet was comprised of 13,937 company tractors and 4,429 owner-operator tractors, as well as 64,066 trailers and 9,131 intermodal containers.
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