Heartland Express Closes Acquisition Of Contract Freighters Truckload Business
Acquiring Company
Heartland Express
Acquired Company
Contract Freighters Truckload Business
North LibertyFinancial ServicesTransportationLogisticsFleet ManagementDescription
Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”) announced today that it has closed the previously announced transaction to acquire the Contract Freighters non-dedicated U.S. dry van and temperature-controlled truckload business and CFI Logistica operations in Mexico (“CFI”) from TFI International, Inc. (NYSE: TFII) (“TFI”), for a cash enterprise value of $525 million, subject to certain adjustments. The term CFI does not include the CFI Dedicated or CFI Logistics U.S. brokerage operations, which were not part of the transaction.
Quick answer
Heartland Express is acquiring Contract Freighters Truckload Business, announced August 31, 2022. Heartland Express is based in North Liberty, Iowa, United States.
- How much did Heartland Express pay for Contract Freighters Truckload Business?
- The deal value was not disclosed.
- What does Heartland Express do?
- Heartland Express, Inc. operates in the transportation sector, primarily engaged in providing truckload transportation services.
- Where are Heartland Express and Contract Freighters Truckload Business based?
- Heartland Express is based in North Liberty, Iowa, United States.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Transportation
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Heartland Express To Acquire Contract Freighters Truckload Business For $525 Million, $525M (August 22, 2022)
- 48Forty Solutions Completes Acquisition Of Innovative Data Systems, Inc. (September 12, 2022)
- 48Forty Solutions Completes Acquisition Of Pallet-Ops (September 7, 2022)
- Bain Capital And Adia To Acquire Merchants Fleet, A High-Growth Fleet Management Company, Alongside Merchants Leadership Team (July 21, 2022)
- Wedbush Financial Services Acquires Significant Stake In Velocity Trade (October 12, 2022)
- Acathia Capital Completes Acquisition Of Swedish Life Insurer Futur Pension (October 7, 2022)
Who to call at Heartland Express, and when
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Frequently asked
Who acquired Contract Freighters Truckload Business?
Contract Freighters Truckload Business was acquired by Heartland Express, based in North Liberty. The deal was reported on August 31, 2022. Heartland Express, Inc. operates in the transportation sector, primarily engaged in providing truckload transportation services. Heartland Express is publicly traded (HTLD) and operates in Financial Services.
When did Heartland Express acquire Contract Freighters Truckload Business?
Heartland Express's acquisition of Contract Freighters Truckload Business was reported on August 31, 2022. Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”) announced today that it has closed the previously announced transaction to acquire the Contract Freighters non-dedicated U.S. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Contract Freighters Truckload Business do?
Contract Freighters Truckload Business is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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