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Announced

Heartland Express acquires Millis Transfer for $150m.

Financials

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Transaction Value£122m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

truck load carriers

truck transportation

Acquisition

Pending

United States

Trucking

Friendly

Single Bidder

Synopsis

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Heartland Express, a leading truckload transportation companies acquires Millis Transfer, a dry van truckload carrier firm for $150m. “We are very pleased to welcome everyone at Millis to Heartland Express. We are impressed with the high quality of the driving professionals and the organization’s safety profile. Millis has an outstanding fleet of equipment and we look forward to utilizing their fleet and professional drivers to serve our combined group of customers.” Michael Gerdin, Heartland President and CEO.

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