Airlines M&A » By The Online Investor Staff, updated Tue., Apr. 23, 10:34 AM
Recent mergers and acquisitions in the Airlines M&A category.
Slide #25. XPO Logistics, Inc. — East Coast Air Charter, Inc.
Acquirer: |
XPO Logistics, Inc. (NYSE:XPO) |
Acquiree: |
East Coast Air Charter, Inc. |
Details: |
XPO Logistics, Inc. (NYSE:XPO) today announced that it has acquired the operating assets of East Coast Air Charter, Inc. (ECAC), a non-asset, third party logistics business specializing in expedited air charter brokerage, with 2012 revenues of approximately $43 million. The cash purchase price was $9.25 million with no assumption of debt, excluding any working capital adjustments. The acquisition is expected to be immediately accretive to earnings. |
XPO is a provider of freight transportation services. Co.'s North American Less-than-Truckload (LTL) segment provides its customers with geographic density and day-definite regional, inter-regional and transcontinental LTL freight services, including cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. In Co.'s Brokerage and Other Services segment shippers create the truckload demand and Co. places their freight with qualified carriers, pricing its service on either a spot or contract basis, and this segment also includes last mile logistics for heavy goods sold through e-commerce, omnichannel retail and direct-to-consumer channels.
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Company Name: |
XPO Inc |
Stock buyback: |
XPO buyback |
Website: |
www.xpo.com |
Sector: |
Airlines |
Number of ETFs Holding XPO: |
64 |
Total Market Value Held by ETFs: |
$2.22B |
Total Market Capitalization: |
$13.40B |
% of Market Cap. Held by ETFs: |
16.54% |
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April 23, 2024 10:34 AM Eastern
Buy (3.46 out of 4)
100th percentile
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