Universal Logistics announced it has acquired rail terminal operator Parsec for $193.6 million. The deal is expected to be immediately accretive to Universal’s earnings.
Cincinnati-based Parsec provides terminal management services at 20 rail yards across North America. The company specializes in container lift services for Class I, regional and short-line railroads. It also offers drayage, container and chassis stacking, equipment maintenance, and equipment sales and leasing.
Parsec has 2,100...
https://www.freightwaves.com/news/universal-logistics-acquires-rail-terminal-operator-for-194m