C.H. Robinson Worldwide will buy the ongoing operations and certain assets of American Backhaulers, a third-party transportation provider.
Agreed upon price is $100 million in cash and approximately $36 million in newly-issued C.H. Robinson stock.
Like C.H. Robinson, ABH is a non-asset based transportation services provider, specializing in over-the-road services. It has some 5,700 customers throughout the U.S. Most of its 525 employees are located in the Chicago, headquarters. When the acquisition is completed it will operate as the ABH division of C.H. Robinson Co.
C.H. Robinson provides multimodal transportation service, logistics solutions and fresh produce sourcing through 131 offices in the U.S., Canada, Mexico, Europe and South America. It currently has contracts with over 19,000 carriers. Headquarters are in Eden Prairie, MN.