ArcBest Acquires MoLo Solutions
September 29, 2021
ArcBest (Nasdaq: ARCB) has entered into a definitive agreement to acquire MoLo Solutions, a Chicago-based truckload freight brokerage, for $235 million in cash with potential additional contingent consideration. The acquisition expands ArcBest's asset-light truckload brokerage capabilities, increases access to carrier partners and shippers, and is expected to be accretive to earnings.
- Buyers
- ArcBest
- Targets
- MoLo Solutions, LLC
- Industry
- Logistics & Distribution
- Location
- Illinois, United States
- Transaction Type
- Buyout
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