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New Deal


Announced

Completed

Forward Air completed the acquisition of Omni Logistics from Ridgemont Equity and EVE Partners for $2.1bn.

Financials

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Transaction Value£1,648m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

logistics

Third Party Logistics (3PL)

Acquisition

Domestic

Private

Majority

Private Equity

Friendly

Single Bidder

Completed

Synopsis

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Forward Air, an asset-light provider of transportation services, completed the acquisition of Omni Logistics, a logistics and supply chain management company, from Ridgemont Equity and EVE Partners, two private equity fims, for $2.1bn. “This is an exciting day for Forward and we are pleased to welcome the Omni team to the Forward family. Together, we are now uniquely positioned to be the premier provider of choice in high-quality freight transportation to a larger customer base with an expanded domestic footprint,” Tom Schmitt, Forward Air Chairman and CEO.

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