What did TFI International pay for UPS Freight?

TFI International acquired UPS Freight for $800.0M in 2021, equivalent to 0.27x revenue. Target revenue was approximately $3000.0M.

What multiple did TFI International pay for UPS Freight?

0.27x revenue, based on disclosed deal value of $800.0M and disclosed financials.

M&A TRANSACTION · 2021

UPS Freight acquired by TFI International

$800.0M· 0.27x revenue

Target

UPS Freight

Richmond, Virginia

LTL and dedicated TL divisions of UPS with 197 facilities (147 owned), 14,500 employees

Acquirer

TFI International

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$3000.0M

EBITDA

—

Deal Value

$800.0M

EV/EBITDA

—

Context

This $800.0M acquisition of UPS Freight by TFI International sits in the trucking sub-vertical. TFI International 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 TFI International 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). UPS Freight acquired by TFI International. https://exitvalue.ai/deals/ups-freight-acquired-by-tfi-international-transportati