Knight-Swift buys AAA Cooper for $1.35bn

Knight-Swift Transportation Adds Less-Than-Truckload Growth Platform Through Acquisition of AAA Cooper
07/6/21 –– PHOENIX ––(BUSINESS WIRE)–– On Monday, July 5, 2021, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (“Knight-Swift”), acquired 100% of Dothan, Alabama-based AAA Cooper Transportation and an affiliated entity (“AAA Cooper”). AAA Cooper is a leading less-than-truckload (“LTL”) carrier that also offers dedicated contract carriage and ancillary services. The transaction is expected to be immediately accretive to Knight-Swift’s adjusted earnings per …

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Source: The Loadstar

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