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ArcBest® to Acquire MoLo Solutions, LLC

ArcBest® to Acquire MoLo Solutions, Enhancing Scale and Accelerating Growth Background Image

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.

About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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