Transportation M&A » By The Online Investor Staff, updated Tue., Apr. 13, 8:44 AM
Recent mergers and acquisitions in the Transportation M&A category.
| This Slide: #58 of 82 |
Slide #58. XPO Logistics, Inc. — East Coast Air Charter, Inc.
Acquirer:
XPO Logistics, Inc. (NYSE:XPO)
Acquiree:
East Coast Air Charter, Inc.
Details:
XPO Logistics, Inc. (NYSE:XPO) today announced that it has acquired the operating assets of East Coast Air Charter, Inc. (ECAC), a non-asset, third party logistics business specializing in expedited air charter brokerage, with 2012 revenues of approximately $43 million. The cash purchase price was $9.25 million with no assumption of debt, excluding any working capital adjustments. The acquisition is expected to be immediately accretive to earnings.
XPO Logistics is a global provider of supply chain solutions to various companies. Co. has two reporting segments: Transportation and Logistics. Co.'s Transportation segment facilitates the movement of raw materials, parts and finished goods. Co.'s transportation services include less-than-truckload, truck brokerage and other transportation services. Co.'s Logistics segment provides a range of services including warehousing and distribution, order fulfillment and personalization, cold-chain logistics, packaging and labeling, aftermarket support, inventory management and supply chain optimization.
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Avg. Broker Rec.
 
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Strong Buy (3.56 out of 4) 60th percentile
(ranked higher than approx. 60% of all stocks covered)
Analysts' Target Price: XPO Stock Forecast Based on Zacks ABR data; powered by Xignite |
