Knight-Swift Transportation to acquire RAC MME Holdings from Red Arts Capital for $150m.

Knight-Swift Transportation, a publicly traded, American motor carrier holding company, agreed to acquire RAC MME Holdings, a provider of less-than-truckload, full truckload, and specialized and international logistics transportation services, from Red Arts Capital, a middle-market, sector-focused private equity investment firm, for $150m. “Less-Than-Truckload is an integral part of our nation’s supply chain, and we had deep conviction in the industry’s tailwinds supporting this segment of logistics transportation. With MME, we found the ideal opportunity to invest in an excellent business with an extensive network, including most metropolitan areas across its network geographic footprint. We are proud of our contributions to the Company’s over 100 years of growth and service to the region, and believe that Knight-Swift provides MME the ideal home for its next phase of growth," Nicholas Antoine, Red Arts Capital Co-Founder and Managing Partner.