Universal Acquires Michael’s Cartage

Its Fifth Acquisition since February 1, 2018

Universal Logistics Holdings provider of customized transportation and logistics solutions, announced its acquisition of Chicagoland-based Michael’s Cartage, Inc. (“Michael’s”).  Headquartered in Bridgeview, Illinois, Michael’s has been providing full-service intermodal drayage services to customers in the Midwest for over 20 years. Offering a unique blend of company-owned and owner-operator provided capacity, Michael’s optimizes its fleet of over 130 tractors to provide intermodal drayage services primarily within a 300-mile radius of the Chicagoland area.  For the year-ended December 31, 2018, Michael’sreported total operating revenues of $31.1 million.  Universal expects Michael’s to operate as a subsidiary of Universal Intermodal, Inc., and the transaction should be immediately accretive. 

“As we continue to execute our M&A strategy in 2019, I am excited to announce Michael’s Cartage as the newest addition to the Universal family,” stated Jeff Rogers, Universal’s Chief Executive Officer.   “Michael’s brings with it a very strong management team, and the acquisition solidly positions Universal as a leading intermodal drayage provider to the Chicagoland market.  As Universal’s looks to continue the execution of its M&A strategy, we remain focused on finding premier service providers like Michael’s, and we are actively seeking opportunities in other key transportation markets including Dallas, Texas; Atlanta, Georgia; and Kearny, New Jersey. I’m excited to welcome aboard the Michael’s team, and look forward to our continued success in 2019 and beyond.”

Category: Equipment, Featured, General Update, News