Heartland Express To Acquire Contract Freighters Truckload Business For $525 Million
Acquiring Company
Heartland Express
Acquired Company
Contract Freighters Truckload Business
North LibertyFinancial ServicesTransportationLogisticsFleet ManagementDescription
Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”) announced today that it will 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 (“TFI Retained Operations”), which are not part of the transaction.
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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 22, 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 22, 2022. Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”) announced today that it will 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.
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