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Announced

Central Freight Lines to acquire Volunteer Express.

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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Trucking

Majority

Acquisition

Private

truck load carriers

United States

Friendly

Single Bidder

Pending

Synopsis

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Central Freight Lines, a non-union less-than-truckload carrier specializing in regional overnight and second-day markets, agreed to acquire Volunteer Express, a full service expedited carrier, offering LTL, truckload, volume, expedited, dedicated and local cartage operations. Financial terms were not disclosed. "We welcome the members of Volunteer Express into a healthy, expanding company with a deep leadership bench. We have experienced tremendous growth year over year, and as our industry continues to evolve, we will continue to attract and retain the best talent while expanding our footprint and services for our growing customer base," Michael Brennan, Central Freight's Chief Operating Officer.

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