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Announced

Completed

Knight-Swift Transportation completed the acquisition of U.S. Xpress Enterprises for $808m.

Financials

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Transaction Value£660m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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truckload carrier

Majority

United States

Public

Freight Forwarding

Acquisition

Domestic

Friendly

Single Bidder

Completed

Synopsis

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Knight-Swift Transportation, a freight transportation company, completed the acquisition of U.S. Xpress Enterprises, a truckload carrier, for $808m. “We are grateful for the efforts of so many who worked diligently to bring about such a significant transaction in the truckload industry. As we have engaged with more of the U.S. Xpress organization since the announcement, we have even more confidence that our combined efforts will lead to the achievement of the profitability targets we communicated. Our cross-functional synergy teams made up of leaders from Knight, Swift, and U.S. Xpress are off to a great start collaborating on plans to share best practices, improve operations and leverage economies of scale – and now they have the green light to fully engage," Dave Jackson, Knight-Swift CEO.

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