Saia Purchases Third-Party Logistics Provider LinkEx
Saia said the approximate $25 million purchase price is subject to LinkEx, an asset-light, third-party logistics provider, meeting growth expectations.
The less-than-truckload services provider Saia Inc. has purchased LinkEx Inc. an asset-light, third-party logistics provider based in Dallas, Texas.
LinkEx, founded in 2002, has approximately 50 employees and generated revenue of $36 million in 2014.
The purchase price of $25 million is subject, in part, to meeting growth expectations.
The acquisition is expected to be accretive by approximately $0.02 per quarter.
LinkEx provides customers with a wide range of services including supply chain design, domestic and international transportation, warehousing and final mile services.
LinkEx seeks to work closely with its customers to develop a thorough understanding of their logistics challenges and then utilizes technology and design capabilities to create unique supply chain solutions.
“The acquisition of LinkEx is a nice fit for Saia in our effort to grow our portfolio of services in the asset-light market. I am pleased to have the senior management team from LinkEx onboard and excited that they will be assuming leadership responsibilities and setting a course for the continued growth of our asset-light product offering,” said Saia President and Chief Executive Officer Rick O’Dell.
“LinkEx brings longstanding customer relationships and a broad array of service offerings to the Saia platform. We welcome LinkEx employees and customers to the Saia family,” O’Dell added.
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