Schneider (CCJ Top 250, No. 8) announced Tuesday it is growing its dedicated operations with the acquisition of Ohio-based truckload carrier Midwest Logistics Systems (No. 103). MLS has more than 1,000 truck drivers and operates 900 tractors across 30 central U.S. locations.
Schneider has acquired 100% of the equity interest in MLS for approximately $263 million, which Schneider financed through cash on hand. The Celina, Ohio, carrier will run as an independent subsidiary of Schneider, and MLS drivers and associates will continue to operate under the MLS name.
www.ccjdigital.com
Schneider has acquired 100% of the equity interest in MLS for approximately $263 million, which Schneider financed through cash on hand. The Celina, Ohio, carrier will run as an independent subsidiary of Schneider, and MLS drivers and associates will continue to operate under the MLS name.
Schneider acquires Ohio-based Midwest Logistics Systems
The carrier will run as an independent subsidiary of Schneider, and MLS drivers and associates will continue to operate under the MLS name.
www.ccjdigital.com
