M&A TRANSACTION · 2022
Midwest Motor Express (RAC MME Holdings) acquired by Knight-Swift Transportation
$150.0M· 5.6x EBITDA· 1.09x revenue
Target
Midwest Motor Express (RAC MME Holdings)
Bismarck, North Dakota
LTL carrier serving upper Midwest and northern plains
Acquirer
Knight-Swift Transportation
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$137.0M
EBITDA
$27.0M
Deal Value
$150.0M
EV/EBITDA
5.6x
Context
This $150.0M acquisition of Midwest Motor Express (RAC MME Holdings) by Knight-Swift Transportation sits in the trucking sub-vertical. The 5.6x EBITDA multiple paid in 2022 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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