Brief: Hub Group Expands Final Mile Service Offering Through The Acquisition Of Forward Air Final Mile

Forward Air (Delaware)

20/12/2023 21:49

Dec 20 (Reuters) - Forward Air Corp  FWRD.O :
    * HUB GROUP EXPANDS ITS FINAL MILE SERVICE OFFERING THROUGH
THE
ACQUISITION OF FORWARD AIR FINAL MILE
    * HUB GROUP INC - DEAL IMMEDIATELY ACCRETIVE TO HUB GROUP'S
2024
GAAP AND CASH EPS PRIOR TO EXPECTED CROSS-SELL AND OPERATIONAL
SYNERGIES
    * HUB GROUP INC - CASH CONSIDERATION FOR TRANSACTION OF $262
MILLION WAS FUNDED WITH CASH ON HAND
    * HUB GROUP INC - COMBINED BUSINESSES WILL OPERATE UNDER HUB
GROUP
FINAL MILE BRAND
    * HUB GROUP INC - TRANSACTION IS EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO HUB GROUP'S 2024 GAAP AND CASH EPS
    * HUB GROUP INC - DEAL INCREASES HUB GROUP'S LTM FINAL MILE
REVENUE FROM $192M TO $481M

Source text for Eikon:  ID:nGNXbLmBXC 
Further company coverage:  FWRD.O 

 ((Reuters.Briefs@thomsonreuters.com;))