.
MergerLinks Header Logo

New Deal


Announced

Completed

Heartland Express completed the acquisition of Smith Transport for $170m.

Financials

Edit Data
Transaction Value£135m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

truckload carrier

Single Bidder

Completed

United States

Domestic

Acquisition

Private

Third Party Logistics (3PL)

Majority

Friendly

Synopsis

Edit

Heartland Express, a truckload transportation company, completed the acquisition of Smith Transport, a dry van truckload carrier, for $170m. “We are proud to welcome the Smith people, customers, and brand to the Heartland Express family. We are extremely happy to bring aboard a company with a rich tradition of trucking for more than forty years. It is truly an honor to have Smith Transport join our team. The Smith companies will continue to operate from Roaring Spring, Pennsylvania, under the leadership of Todd Smith, President, with ongoing support from founder and legend Barry Smith," Michael Gerdin, Heartland Express Chairman, President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US