XPO Logistics, Inc. acquired Kelron Logistics, Inc. from Keith Matthews, Geoff Bennett and other shareholders for $8 million.
August 06, 2012 at 05:00 am
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XPO Logistics, Inc. (NYSE:XPO) acquired Kelron Logistics, Inc. from Keith Matthews, Geoff Bennett and other shareholders for $8 million on August 3, 2012. Under the terms of the agreement, the deal value is $8 million, excluding any working capital adjustments. As of June 30, 2012, Kelron posted revenues of approximately $100 million. The transaction will add to earnings from 2013. Nurhan Aycan, Faran Umar-Khitab, David Kim, Christopher Andree, Patrick Glaude, Dan Chapman and Timothy Wach of Gowling Lafleur Henderson LLP acted as legal advisors to XPO Logistics.
XPO Logistics, Inc. (NYSE:XPO) completed the acquisition of Kelron Logistics, Inc. from Keith Matthews, Geoff Bennett and other shareholders on August 3, 2012.
XPO, Inc. is a provider of freight transportation services. The Company moves goods through its customers supply chains in North America and Europe. It operates through two segments: North American Less-Than-Truckload (LTL), and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the United States (U.S.), as well as Mexico, Canada, and the Caribbean. It also includes trailer manufacturing operations. The European Transportation segment offers a range of services, such as truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, including road-rail and road-short sea combinations. It serves a base of customers in consumer, trade, and industrial markets. The Company offers XPO Connect, a cloud-based digital platform for transportation procurement that encompasses a freight optimizer system, shipper interface and carrier interface.
XPO, INC. 
