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New Deal


Announced

XPO to acquire 28 service centers from Yellow for $870m.

Financials

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Transaction Value£687m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Infrastructure

Pending

Acquisition

Majority

Private

Single Bidder

Domestic

Friendly

United States

service center

Transportation Services

Synopsis

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XPO, a transportation solutions provider, agreed to acquire 28 service centers from Yellow, an American transportation holding company, for $870m. The Acquired Assets include the assumption of three leases (two of which relate to leased service centers) and the right to designate, in consultation with Yellow, additional contracts that are related exclusively to the Acquired Assets, for a period of 45 days following the consummation of the Yellow Asset Acquisition.

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