What did Knight-Swift Transportation pay for AAA Cooper Transportation?

Knight-Swift Transportation acquired AAA Cooper Transportation for $1.35B in 2021 (9.6x EBITDA), equivalent to 1.73x revenue. Target revenue was approximately $780.0M. Target EBITDA was approximately $140.0M.

What multiple did Knight-Swift Transportation pay for AAA Cooper Transportation?

9.6x EBITDA and 1.73x revenue, based on disclosed deal value of $1.35B and disclosed financials.

M&A TRANSACTION · 2021

AAA Cooper Transportation acquired by Knight-Swift Transportation

$1.35B· 9.6x EBITDA· 1.73x revenue

Target

AAA Cooper Transportation

Dothan, Alabama

LTL carrier with strong Southeast presence, 3,400 tractors

Acquirer

Knight-Swift Transportation

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$780.0M

EBITDA

$140.0M

Deal Value

$1.35B

EV/EBITDA

9.6x

Context

This $1.35B acquisition of AAA Cooper Transportation by Knight-Swift Transportation sits in the trucking sub-vertical. The 9.6x EBITDA multiple paid in 2021 can be compared against the population median for trucking transactions of similar size on our Trucking valuation hub. Knight-Swift Transportation is acquiring as a strategic buyer; see how strategic acquirers typically price trucking businesses on our Trucking strategic buyer-pool page.

Source

Data sourced from Knight-Swift Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2021). AAA Cooper Transportation acquired by Knight-Swift Transportation. https://exitvalue.ai/deals/aaa-cooper-transportation-acquired-by-knight-swift-transportation-transportati