Transportation M&A » By The Online Investor Staff, updated Sat., Jan. 23, 8:42 AM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #72. 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 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 truck brokerage, expedite, intermodal, drayage, last mile, less-than-truckload, full truckload, global forwarding and managed transportation. Co.'s Logistics segment services include warehousing, distribution and inventory management, omnichannel and e-commerce fulfillment, reverse logistics, cold chain solutions, packaging and labeling, factory support, aftermarket support and order personalization services.
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Avg. Broker Rec.
 
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Strong Buy (3.56 out of 4) 62nd percentile
(ranked higher than approx. 62% of all stocks covered)
Analysts' Target Price: XPO Stock Forecast Based on Zacks ABR data; powered by Xignite |
