What did Schneider National pay for Cowan Systems, LLC?

Schneider National acquired Cowan Systems, LLC for $390.0M in 2024, equivalent to 0.63x revenue. Target revenue was approximately $670.0M.

What does Cowan Systems, LLC do?

Cowan Systems, LLC is a trucking business based in Baltimore, Maryland.

What multiple did Schneider National pay for Cowan Systems, LLC?

0.63x revenue, based on disclosed deal value of $390.0M and disclosed financials.

M&A TRANSACTION · 2024

Cowan Systems, LLC acquired by Schneider National

$390.0M· 0.63x revenue

Target

Cowan Systems, LLC

Baltimore, Maryland

Acquirer

Schneider National

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$670.0M

EBITDA

—

Deal Value

$390.0M

EV/EBITDA

—

Context

This $390.0M acquisition of Cowan Systems, LLC by Schneider National sits in the trucking sub-vertical. Schneider National 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 Schneider National 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. (2024). Cowan Systems, LLC acquired by Schneider National. https://exitvalue.ai/deals/cowan-systems-llc-acquired-by-schneider-national-transportati