Transportation M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:18 PM
Recent mergers and acquisitions in the Transportation M&A category.
| This Slide: #72 of 82 |
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.
XPO SEC Filing Email Alerts Service
Open the XPO Page at The Online Investor »
|
||||||||||||||||||||||||
Open the XPO Page at The Online Investor (in a new window) »
|
|
Avg. Broker Rec.
 
|
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 |
