Schneider (NYSE: SNDR) announced Tuesday it has acquired dedicated truckload carrier Midwest Logistics Systems (MLS) at an enterprise value of approximately $263 million.
Ohio-based MLS operates a fleet of 900 tractors throughout 30 central U.S. locations. The company generated $205 million in annual revenue ($170 million excluding fuel surcharges) for the 12-month period ended Sept. 30. It has approximately 1,000 drivers and support staff of 170. No margin information was provided but the deal...
https://www.freightwaves.com/news/schneider-adds-dedicated-fleet-in-263m-deal