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Benzinga
Benzinga
Business
Akanksha Bakshi

Schneider Acquires deBoer Transportation For Undisclosed Sum

Schneider (Organization) Wisconsin NYSE Dallas Texas
  • Schneider National Inc (NYSE:SNDR) has acquired Wisconsin-based carrier deBoer Transportation. Deal terms were not disclosed.
  • deBoer Transportation is a regional carrier headquartered in Blenker, Wisconsin. Schneider will assume ownership of ~160 tractors and 660 trailers as part of the acquisition.
  • deBoer's facility in Blenker, Wisconsin, and maintenance shop near Dallas, Texas, are not included in the sale.
  • Schneider will quickly integrate deBoer into its existing businesses, with drivers and equipment deployed to support growth opportunities in Dedicated and Power Only operations.
  • Schneider held cash and equivalents of $272.6 million as of March 31, 2022.
  • Price Action: SNDR shares are trading lower by 2.00% at $24.52 on the last check Tuesday.
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