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
Location
Illinois, United States
Transaction Type
Buyout

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