Forward Air announces the sale of its Final Mile business to Hub Group, Inc. for an estimated total cash consideration of $262 million. For the twelve months ended September 30, 2023, Final Mile generated approximately $289 million in revenue. Final Mile has approximately 45 locations and more than 640 employees that will transfer to Hub Group, Inc.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FWRD:
- Forward Air announces 5.9% general rate increase
- Forward Air provides mid-quarter operational update through November 2023
- Omni Logistics Board of Directors Issues Letter to Forward Air Shareholders
- Omni Logistics board ‘100% committed to closing transaction’ with Forward Air
- Forward Air shareholder Ancora sends open letter to Omni Logistics