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Announced

Completed

Hub Group completed the acquisition of Choptank Transport for $130m.

Financials

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Transaction Value£98m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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refrigerated logistics

Acquisition

Single Bidder

Friendly

Transportation Services

Completed

United States

Majority

Domestic

Private

Synopsis

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Hub Group, a logistics services provider, completed the acquisition of Choptank Transport, a provider of refrigerated transportation solutions, for $130m. “We are excited to welcome Choptank’s employees, customers and carriers to Hub Group. This acquisition delivers on our strategy to provide the industry’s premier supply chain solutions, and will advance our position in the growing cold-chain segment," David Yeager, Hub Group Chairman and CEO.

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