![PORT OF NEW YORK NEW JERSEY STATUE OF LIBERTY CRANES iStock-Edgar Feliz-861104470.jpg The Statue of Liberty overlooking port Cranes, all lit up, at night](https://www.supplychainbrain.com/ext/resources/2023/03/02/PORT-OF-NEW-YORK-NEW-JERSEY-STATUE-OF-LIBERTY-CRANES-iStock-Edgar-Feliz-861104470.jpg?height=100&t=1677768417&width=150)
Visit Our Sponsors |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase price of the deal is $615m on a cash-free, debt-free basis. At closing, New Breed’s chief executive officer, Louis DeJoy, will use $30m of proceeds from the transaction to purchase restricted stock from the company. New Breed had revenues of approximately $597m for the 12-month period ending June 30, 2014. It specializes in services for omni-channel distribution, reverse logistics, transportation management, freight bill audit and payment, lean manufacturing support, aftermarket support and supply-chain optimization. In a related announcement, XPO Logistics has completed the acquisition of Atlantic Central Logistics, a non-asset-based provider of last-mile logistics with 14 East Coast locations. Cash purchase price of that deal was $36.5m.
RELATED CONTENT
RELATED VIDEOS
Timely, incisive articles delivered directly to your inbox.