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.
About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.
For more information, please speak with our media contacts.
Related Insights
- EventSeptember 20, 2023 - September 21, 2023
- EventSeptember 11, 2023