Heartland Express Inc - transaction enterprise value of approximately $113 million
* Heartland Express Inc - heartland acquired 100pct of IDC's outstanding stock from Saltchuk for cash.
* Heartland Express Inc - heartland expects to pay off all of IDC's debt after deal closing.
* Heartland Express Inc - transaction was funded through $94 million of heartland's existing cash, plus assumption of approximately $23 million of IDC's debt
* Heartland Express Inc - based on expected synergies, transaction is expected to be accretive to heartland's earnings in first full quarter of operations
* Heartland Express Inc - acquired 100pct of outstanding stock of Interstate Distributer Co Of Tacoma, Washington from Saltchuk Resources Inc Source text for Eikon: Further company coverage:
BRIEF-Heartland Express acquires Interstate Distributor Co
Heartland express buys interstate distributor co
Discussion in 'Truckers News' started by drvrtech77, Jul 6, 2017.
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Wow-interesting drvtech77.
See,when you pay your drivers peanuts for years-you wind up w/94 million in existing cash.
Simply amazing! -
Wow the Gordon guys were complaining when they got bought out. And now the grab interstate. I bet there won't be anyone dispatching themselves anymore
-
-
-
Heartland paid CASH for them. My god.
Be Safe Out There
Captain Davebzinger Thanks this. -
First they bought Gordon now Interstate. Wow.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.