ArcBest® to Acquire MoLo Solutions, LLC
Vinson & Elkins advised ArcBest®, a leader in supply chain logistics, in its entry into a definitive agreement to acquire MoLo Solutions, LLC, a Chicago-based truckload freight brokerage.
The transaction involves a cash purchase price of $235 million and potential additional earnout consideration based on achievement of Adjusted EBITDA targets for years 2023 through 2025. With the acquisition, ArcBest will become a top 15 U.S. truckload broker with access to over 70,000 carrier partners.
The V&E corporate team was led by senior partner Alan Bogdanow and senior associate Michael Gibson, with assistance from associates Sang Lee and Alan Albrecht. Also assisting was senior associate Lucy Liu; partner Jim Meyer, senior associate Brian Russell and associate Olivia Sher; counsel Rajesh Patel and associate Alexa Chally; partner Shane Tucker, senior associate Missy Spohn and associate Matt Green; partner Sean Becker, counsel Martin Luff and associate Peter Goetschel; partner Chris Dawe, senior associate Rafa Alvarado and associate Alex Moosariparambil; counsel David Smith and associate Molly McDonald; counsel Jenn Cooley; and counsel Sarah Mitchell and associate Alex Turner.
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