Announced
Financials
Tags
Transportation Services
Majority
Acquisition
Private
vehicle logistics
Pending
United States
Friendly
Single Bidder
Private Equity
Synopsis
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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