Midwest Motor Express, Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Midwest Motor Express, Inc. - overview
Established
1918
Location
Bismarck, ND, US
Primary Industry
Logistics & Distribution
About
Midwest Motor Express, Inc. is a logistics and transportation company specializing in less-than-truckload (LTL) services, dedicated contract carriage, and truckload brokerage throughout the United States and neighboring regions. Founded in 1918 and headquartered in Bismarck, US, Midwest Motor Express, Inc. operates as a logistics and transportation firm, focusing on LTL services among others.
The company was acquired fully by KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. in December 2021 for USD 150 mn, previously owned by Red Arts Capital, Brightwood, and Prudential Private Capital. It has completed two significant deals since its inception, with the latest deal closed on December 6, 2021. The company does not appear to have any subsidiaries or be part of a larger parent organization.
Midwest Motor Express specializes in a comprehensive suite of logistics and transportation solutions. It offers less-than-truckload (LTL) services, dedicated contract carriage, truckload brokerage, and fleet maintenance. Their LTL services ensure efficient delivery of freight shipments that do not require a full truckload, catering to businesses that need reliable transport for smaller quantities of goods. Furthermore, the company uses advanced tracking technology through its Action Trac platform to provide continuous visibility of shipments.
The customer base spans various industries across the United States, Canada, Mexico, and Puerto Rico, with particular emphasis on the Upper Midwest and Pacific Northwest regions. In the most recent year, 2018, Midwest Motor Express reported a revenue of USD 100,000,000. Revenue is generated through B2B transactions, focusing on logistics and transportation services, including LTL and dedicated services, truckload brokerage, and fleet maintenance solutions. The company’s operations are structured around service agreements that establish long-term partnerships with businesses to optimize supply chain logistics.
Midwest Motor Express aims to leverage its recent acquisition by KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. to enhance its operational capabilities and expand its market reach. The funding from the acquisition, amounting to USD 150 mn, will be utilized to develop new product offerings and improve existing services. The company is also targeting expansion into new geographic regions, although specific markets have not been disclosed.
Plans for new product launches or services are currently in development, with strategic implementation expected following the recent acquisition.
Primary Industry
Logistics & Distribution
Sub Industries
Trucking
Website
www.mmeinc.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Midwest Motor Express, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Midwest Motor Express, Inc. | - | ||||||||
| Buyout | Completed | Midwest Motor Express, Inc. | - |
Displaying 1 - 2 of 2

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.