Hub Group, Inc. (NasdaqGS:HUBG) entered into an agreement to acquire Intermodal Assets of Marten Transport, Ltd. (NasdaqGS:MRTN) for $51.8 million on July 22, 2025. The transaction to be funded with equipment notes and is structured as an asset purchase of certain intermodal equipment and contracts from Marten Transport Ltd. The acquisition is immediately accretive to Hub Group, Inc?s 4Q25 EPS and accretive to 2026 GAAP and cash EPS.
The transaction is expected to close by the end of the third quarter, 2025 and is subject to certain customary closing conditions.
Winston & Strawn LLP acted as a legal advisor and Stephens Inc. acted as a financial advisor for to Hub Group, Inc.
Marten Transport, Ltd. provides temperature-sensitive truckload carriers in the United States, specializing in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment. Its segments include Truckload, Dedicated, Intermodal and Brokerage. Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services. Dedicated segment provides customized transportation solutions utilizing temperature-controlled trailers, dry vans and other specialized equipment within the United States. Intermodal segment transports its customers freight within the United States, utilizing its refrigerated containers on railroad flatcars for portions of trips, with the balance of the trips using its tractors or, to a lesser extent, contracted carriers. Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for its customers.
