Seller: Exel Transportation Services
Transaction Type: Sell Side M&A
Headquarters: Westerville, OH
Overview: Exel Transportation Services owns and operates a robust, nationwide Class IV/V VoIP-FGD enabled network that forms a mesh of connectivity across 9 major U.S. metropolitan markets. Consisting of long haul fiber paths, numerous routers, servers and switching equipment, the network provides on-net coverage of virtually every U.S. LATA. Excel also maintains interconnect agreements with more than 300 carriers.
Buyer: Hub Group (NASDAQ: HUBG)
Headquarters: Oak Brook, IL
Overview: Hub Group, Inc. is a leading asset light freight transportation management company providing comprehensive intermodal, truck brokerage and logistics services. The Company operates through a network of offices throughout the United States, Canada and Mexico.