Universal Truckload Services, Warren, Mich., will acquire LINC Logistics Company, an asset- third-party logistics profider, in a stock-for-stock transaction valued at approximately $335 million,
including the assumption of debt.
The combination of Universal and LINC creates one of the largest full-service, asset-light logistics platforms in North America, according to Universal.
Universal Truckload Services is primarily an asset-light provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. Its trucking services include both flatbed and dry van operations, and Universal provides rail-truck and steamship-truck intermodal support services. Universal also offers truck brokerage services.
LINC primarily provides value-added logistics services to the automotive and manufacturing industries, but also provides dedicated truckload, expedited, and freight forwarding services to customers throughout North America. LINC manages or provides its services at 43 locations throughout the United States, Mexico, and Canada.
Closing of this transaction is subject to customary closing conditions/