Schneider Expands Its Fleet: $390 Million Cowan Systems Deal Supercharges Dedicated Services
Schneider Expands Its Fleet: $390 Million Cowan Systems Deal Supercharges Dedicated Services
Including Cowan Systems, Schneider will operate over 8,400 Dedicated tractors, approximately 70% of Schneider's Truckload fleet.Schneider National, Inc. (NYSE:SNDR) disclosed that it has agreed to acquire Cowan Systems, LLC and its affiliates for approximately $390 million in cash, subject to adjustments.
Schneider National, Inc.（紐交所：SNDR）披露，已同意以約39000萬美元現金收購Cowan Systems, LLC及其附屬公司，交易金額可能會有所調整。
The deal also includes a separate purchase of related real estate assets for $31 million.
該交易還包括以3100萬美元購買相關房地產資產。
Cowan Systems is primarily a dedicated contract carrier with a portfolio of complementary services including brokerage, drayage and warehousing. The company operates approximately 1,800 trucks and 7,500 trailers across more than forty locations throughout the Eastern and Mid-Atlantic regions of the U.S.
Cowan Systems主要是一家專業合同承運商，業務包括券商、馬幫運輸和倉儲等一系列相關服務。該公司在美國東部和中大西洋地區的四十多個地點運營約1800輛卡車和7500輛掛車。
Including Cowan Systems, Schneider will operate over 8,400 Dedicated tractors, approximately 70% of Schneider's Truckload fleet.
包括Cowan Systems在內，Schneider將擁有超過8400輛專用牽引車，佔Schneider卡車車隊的約70%。
The acquisition is expected to be earnings accretive for Schneider within the first year, excluding anticipated synergies.
預計收購將在第一年爲Schneider增加收入，不包括預期協同效應。
The transaction is expected to close in the fourth-quarter 2024, pending customary conditions, and will be financed through existing cash and a new $400 million delayed draw term credit facility.
該交易預計將於2024年第四季度完成，取決於通常條件，並將通過現有現金和新的40000萬美元延遲付款信貸工具進行融資。
Post-acquisition, Cowan Systems' financials will be integrated into Schneider's Truckload and Logistics segments.
收購完成後，Cowan Systems的財務將整合到Schneider的卡車承運和物流業務部門。
This deal follows previous acquisitions of Midwest Logistics Systems and M&M Transport Services, reinforcing Schneider's growth in Dedicated contract carriage.
此次交易跟隨此前對Midwest Logistics Systems和M&m Transport Services的收購，加強了Schneider在專用合同運輸領域的增長。
"This acquisition aligns with Schneider's long-term vision to have customer-centric Dedicated solutions as the cornerstone of its Truckload segment. By complementing our organic Dedicated growth success with transactions like this, we are broadening our presence to provide greater value to our customers and stakeholders," said Schneider President and CEO Mark Rourke.
這一收購符合施耐德長期願景，即將以以客戶爲中心的專享解決方案作爲其整車段的基石。施耐德總裁兼首席執行官馬克·魯爾克表示：「通過像這樣的交易來補充我們有機專享增長的成功，我們正不斷拓寬我們的業務範圍，爲客戶和利益相關者提供更大價值。」
As of September 30, 2024, the company had cash and cash equivalents of $179.0 million.
截至2024年9月30日，該公司現金及現金等價物爲17900萬美元。
Investors can gain exposure to the stock via Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:NRSH).
投資者可以通過Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF（紐交所：NRSH）獲得該股票的曝光度。
Price Action: SNDR shares are up 2.10% at $32.28 at the last check Monday.
股價走勢：SNDR股票在週一最後檢查時上漲2.10%，報32.28美元。
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Photo via Shutterstock.
圖片來自shutterstock。
