Knight-Swift Transportation Acquires U.S. Xpress Enterprises for ~$808 Million

Knight-Swift Acquires UTXL, Inc.

June 1, 2021

Logistics & Distribution

Knight-Swift Transportation Holdings Inc. acquired 100% of UTXL, Inc., a Kansas City-based third-party logistics and truckload brokerage firm, for approximately $22.5 million. The deal expands Knight-Swift’s logistics and brokerage capabilities while preserving UTXL’s brand and independent operations and includes customary working capital adjustments and escrowed/deferred consideration.

Knight-Swift Acquires Dependable Highway Express LTL Business

July 30, 2024

Transportation

Knight-Swift Transportation Holdings has acquired the less-than-truckload (LTL) operations of Los Angeles-based Dependable Highway Express from Dependable Supply Chain Services. The deal expands Knight-Swift's West Coast and Southwest LTL footprint—adding terminals and doors to its AAA Cooper division—to support the company's goal of building a nationwide LTL network.

Knight-Swift Acquires AAA Cooper Transportation

July 5, 2021

Transportation

Knight-Swift Transportation Holdings Inc. acquired 100% of Dothan, Alabama-based AAA Cooper Transportation, a leading less-than-truckload (LTL) carrier. The $1.35 billion transaction (including assumed debt) is intended to provide Knight-Swift an LTL growth platform and is expected to be immediately accretive to adjusted EPS while preserving AAA Cooper's independent operations and leadership.

Knight-Swift Acquires RAC MME Holdings (Midwest Motor Express / Midnite Express)

December 6, 2021

Trucking & Fleet

Knight-Swift Transportation Holdings, Inc. acquired 100% of RAC MME Holdings, LLC — the parent of Midwest Motor Express and Midnite Express — for $150 million in cash. The acquisition expands Knight-Swift's less-than-truckload (LTL) footprint across roughly 15 states in the upper midwestern and great northwestern United States; MME reported approximately $137 million of 2021 revenue and ~800 employees.

Hudson Hill Capital Acquires Majority Stake in InXpress

November 9, 2020

Transportation

Hudson Hill Capital acquired a majority stake in InXpress Holdings Ltd, a Manchester-based software-enabled franchisor of parcel, freight and delivery logistics services, in partnership with InXpress senior management. The investment will support InXpress's global growth and expansion of its freight solutions while leveraging its Webship+ SaaS platform and network of nearly 400 franchisees.

Cox Transportation Services Acquires Outwest Express

December 21, 2022

Transportation

Cox Transportation Services has acquired Outwest Express, a Texas-based truckload carrier specializing in Mexican cross-border logistics, adding more than 400 tractors and 1,200 trailers to Cox's network. The deal was completed alongside a majority recapitalization of Cox led by Expedition Capital Partners and Prudential Private Capital to support continued platform growth.