C.H. Robinson to acquire Freightquote in $365 million deal
C.H. Robinson to acquire Freightquote in $365 million deal
C.H. Robinson has reached an agreement to acquire Freightquote.com Inc. for $365 million in cash. The agreement is subject to certain customary closing conditions, including regulatory approval, but the closing is expected to occur in the first quarter of 2015.
Freightquote is a privately held freight broker providing services throughout North America. Its calendar 2014 gross revenues are projected to be approximately $623 million, net revenues are projected to be approximately $124 million and adjusted EBITDA is projected to be approximately $34 million.
