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New Deal


Announced

United Road to acquire Team Drive-Away.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Transportation Services

Majority

Acquisition

Private

vehicle logistics

Pending

United States

Friendly

Single Bidder

Private Equity

Synopsis

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United Road, in partnership with its owners The Carlyle Group, agreed to acquire Team Drive-Away, a national non-asset-based commercial vehicle logistics provider, from CID Capital. Financial terms were not disclosed. "Team Drive-Away is a natural fit for United Road that further diversifies our business. TDA is a customer-driven business that brings new heavy haul capabilities to United Road. Its asset-light business model of partnering with trusted independent contractors combined with our geographic territories will bring new opportunities and new customers to our combined enterprise," Mark Anderson, United Road President and CEO. "Team Drive-Away is a natural fit for United Road that further diversifies our business. TDA is a customer-driven business that brings new heavy haul capabilities to United Road. Its asset-light business model of partnering with trusted independent contractors combined with our geographic territories will bring new opportunities and new customers to our combined enterprise," Mark Anderson, United Road President and CEO.

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