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9/103 sources · 3 publishersUpdated Nov 8, 16:41 UTC

UPS moves to acquire Smartways Logistics for about $600 million

+1 new source since this summary was written

United Parcel Service is in exclusive talks to buy Smartways Logistics from private‑equity owner The Riverside Company. The transaction is valued at roughly $600 million. JPMorgan is acting as advisor to Riverside, and negotiations are slated to start this week.

Why it matters

The acquisition will add Smartways' assets to UPS, expanding its logistics capabilities and potentially influencing future revenue and earnings.

Key facts

  • 1UPS is in talks to acquire Smartways Logistics. afr.com
  • 2The seller is private‑equity firm The Riverside Company. afr.com
  • 3The deal value is approximately $600 million. afr.com
  • 4Exclusive negotiations are expected to begin this week. afr.com
  • 5JPMorgan is advising Riverside on the transaction. afr.com

Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.

Sources

3 sources · 3 publishers