Roadway Corp. has closed the previously announced sale of its Arnold Transportation Services subsidiary to a management group led by Michael S. Walters,
the unit's president and chief executive officer, and the private equity firm, Jefferies Capital Partners.
The transaction is valued at approximately $55 million. Roadway expects to use the proceeds to reduce debt levels and pursue additional LTL opportunities.
the unit's president and chief executive officer, and the private equity firm, Jefferies Capital Partners.
The transaction is valued at approximately $55 million. Roadway expects to use the proceeds to reduce debt levels and pursue additional LTL opportunities.
0 Comments
See all comments