Transaction Pages

Ag Transportation Holdings LLC acquired the equity of bulk carrier Ag Trucking and its affiliates in a transaction that included founder rollover equity and institutional capital. Scudder Law Firm represented Ag Holdings and its principals in the acquisition and related senior and subordinated financing.

Arnold Transportation combined with LinkAmerica Corporation in a transformative transaction. Scudder Law Firm represented Arnold and its owner, U.S. Xpress, in the transaction and related revolving and term loan financing.

Butler Machinery Company acquired the agriculture equipment dealership assets of Henkens Equipment, Johnson Farms, and Nebraska Machinery. Scudder Law Firm represented Butler in negotiating, documenting, and closing the transaction.

Central Freight Lines acquired the $225 million revenue Southwest Division of Viking Freight System. Scudder Law Firm represented Central Freight in negotiating the acquisition, arranging financing, capitalizing the acquiror, and preparing management contracts. Scudder Law Firm subsequently represented Central Freight in its acquisitions of four additional trucking companies.

Central Refrigerated Service, Inc. acquired the assets of $200 million revenue Simon Transportation in a Chapter 11 sale. Scudder Law Firm represented Central Refrigerated Service, as stalking horse bidder, in negotiating with the creditors, drafting the acquisition agreements, and obtaining approval of the purchase.

Swift Transportation acquired Central Refrigerated Transportation, a leading provider of refrigerated trucking services, in a transaction valued at $225 million. Scudder Law Firm represented Central Refrigerated in the transaction.

Comcar Logistics, LLC sold certain assets to Echo/CL Holdings, LLC, a non-asset based freight broker in the North American commercial freight transportation market. Scudder Law Firm represented Comcar in this transaction.

Concentrek Inc. was sold to Uti Worldwide, Inc by Knight Transportation and private investors. Scudder Law Firm represented Concentrek and its owners in the transaction.

Covenant Transportation Group, Inc. (Nasdaq: CVTI) acquired $90 million revenue Star Transportation, Inc. Scudder Law Firm represented Covenant in negotiating, documenting, and closing the transaction. Scudder Law Firm has represented Covenant in ten other acquisitions.

Scudder Law Firm represented Heartland Express, Inc. (Nasdaq: HTLD) in its acquisition of $152 million revenue Millis Transfer, Inc., $325 million revenue Interstate Distributor Co., and $430 million revenue Gordon Trucking, Inc. Scudder Law Firm facilitated the introduction between Heartland and Interstate, prepared valuations based on comparable transactions and assisted with related financing for the Gordon transaction. Scudder Law Firm also handled Heartland's acquisitions of Great Coastal Express, A&M Express, and Munson Transportation.

Knight Transportation, Inc. (NYSE: KNX) acquired Fastway Systems, Edwards Bros. Inc., Roads West Transportation Inc., and Barr-Nunn Transportation. Scudder Law Firm represented Knight in these transactions.

Merger of Knight Transportation, Inc. (NYSE: KNX) and Swift Transportation Company (NYSE: SWFT) in an all-stock transaction. The transaction reflected a combined enterprise value of $6 billion and created the industry's largest full truckload company. Scudder Law Firm represented the Jerry Moyes family in the transaction. The Moyes family held a controlling interest in Swift prior to the transaction and, collectively, is the largest stockholder of the combined company.

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) acquired $100 million revenue Abilene Motor Express, and a warehousing-related company. Scudder Law Firm represented Knight-Swift in these transactions.

MindVision Software was acquired by Digital River Inc. following an auction process. Scudder Law Firm served as mergers and acquisitions counsel to MindVision, assisting in preparation of the auction materials, evaluating the bids, and negotiating the transaction. Terms were not disclosed.

Mittler Supply, Inc. was acquired by Praxair, Inc. following an auction process. Scudder Law Firm served as special mergers and acquisitions counsel to Mittler, assisting in preparation of the auction materials, evaluating the bids, and negotiating the transaction. Terms were not disclosed.

Scudder Law Firm has represented Nebraska Angels, Inc., which makes minority investment in start-up companies.

Panther Expedited Services, Inc., an asset-light provider of expedited ground and freight forwarding services, was acquired by Arkansas Best Corporation in a competitive auction. Scudder Law Firm served as acquisition counsel to Panther. Scudder Law Firm had previously represented Panther in acquiring a portion of the assets of Con-way Expedite & Brokerage Inc., the stock of Integres Global Logistics, Inc. and the equity of Elite Worldwide Logistics.

Perfect Commerce, Inc. (f/k/a eScout LLC) acquired Perfect Commerce and took its name in a stock-for-stock merger. The transaction paired two leading venture capital-backed electronic procurement companies. Scudder Law Firm represented the acquirer.

Pinnacle Workforce Logistics (f/k/a RoadLink Workforce Solutions, L.L.C.) acquired certain assets of JG Transport, Inc. JG Transport is a regional provider of warehouse logistics and staffing services, including key service agreement with major national customers. This acquisition enhanced geographic coverage of Pinnacle's business and ability to serve new customers. Scudder Law Firm represented Pinnacle in this acquisition.

Premier Trailer Leasing acquired the assets of Trailer Fleet International LLC. This acquisition included nearly 3,000 trailers and multiple facilities, expanding Premier's service capabilities. Scudder Law Firm represented Premier in this acquisition.

Premier Trailer Leasing, Inc. was acquired by Redwood Capital Investments, LLC from Garrison Investment Group. Premier Trailer Leasing, Inc. is a leading provider of trailer leasing and rental assets. Scudder Law Firm represented Garrison and Premier in this transaction.

Assisted the owner of a multi‐generational agricultural products business in developing a marketing memorandum to describe the company’s three operating divisions, identifying likely buyers, conducting in‐person presentations with multiple buyers at various Idaho and Texas locations, then negotiating, documenting, and closing the sale of one division to a Colorado buyer for $65 million, and performing the same services for sale of the client’s two remaining divisions and closing a sale to an Oregon subsidiary of a California buyer, leading our client to write a letter stating “I want to express my appreciation and extreme gratitude to [Scudder Law Firm] for the effort that you put forth in this sale that, I believe, resulted in achieving the greatest value for the assets of Rangen, Inc.“

RoadLink sold its intermodal drayage and workforce solutions business units. Previously RoadLink USA, Inc. had acquired through its subsidiaries the assets of the following intermodal trucking companies: Reserve Transportation Services, Unity Distribution Group, West Coast Trucking, Inc., and American Freight Systems. Scudder Law Firm represented RoadLink in these transactions.

Saddle Creek Corporation acquired the assets of ServiceCraft, LLC and the outstanding stock of ProLog Logistics. Scudder Law Firm represented Saddle Creek Corporation in these transactions.

Swift Transportation Co., Inc. (NYSE: SWFT) was taken private by Saint Corporation in a transaction valued at $3.6 billion, including debt assumed and Moyes family’s rollover equity. Scudder Law Firm represented Saint Corporation and its owner, Jerry Moyes, in the transaction.

Swift Transportation Co., Inc. (NYSE: SWFT) acquired from a Wal-Mart subsidiary the $145 million revenue Merit Distribution and certain dedicated fleets serving Wal-Mart grocery distribution centers. Scudder Law Firm represented Swift in the transaction.

Scudder Law Firm represented Transportation Partners & Logistics, LLC (“TP&L”), a leading provider of logistics, transportation, and supply chain management solutions serving renewable energy and industrial markets, in a private equity firm’s acquisition of a majority interest in TP&L.

Scudder Law Firm has advised Transcard, LLC, a prepaid, payroll, gift, and reloadable card provider, on contractual, strategic, corporate, and financing matters under consideration by the company.

Scudder Law Firm represented one of the founding companies in contributing its non-asset based brokerage business in exchange for equity of Transplace and two of the equity holders in the sale of Transplace to a private equity buyer.

New Mountain Lake Acquisition Company successfully completed a cash tender offer to take private U.S. Xpress Enterprises, Inc. at $20.10 per share in an approximately $350 million enterprise value transaction. New Mountain Lake was controlled by the founders of U.S. Xpress. Scudder Law Firm represented New Mountain Lake in the tender offer and related financing.

U.S. Xpress Enterprises, Inc. closed an 80% equity investment in Arnold Transportation Services, an approximately $200 million revenue company, and placed over $85 million of equity and debt financing to fund the acquisition. Scudder Law Firm represented U.S. Xpress in structuring and negotiating the transaction and financing. Scudder Law Firm also handled U.S. Xpress’s acquisitions of Total Transportation, C&C Trucking, and Abilene Motor Express and advised on the disposition of its airport-to-airport business to Forward Air.

WareOnEarth Communications, a technology company primarily serving the U.S. government, closes sale transaction. Scudder Law Firm served as counsel for the sellers. Terms were not disclosed.

Smithway Motor Xpress Corp was taken private. Scudder Law Firm negotiated the transaction and the related $115 million in financing for Western.

XPO Logistics, Inc.'s North American truckload business was acquired by TransForce Inc. for approximately $558 million following an auction process. Scudder Law Firm served as counsel to XPO in the transaction.