ltl
Forward Air & Omni Logistics Unite in Merger Deal
Adriana Pulley · August 11, 2023 · 1 min read
On Aug. 10, Forward Air Corp. and Omni Logistics announced their intention to merge in a cash-and-stock deal. The combined entity aims to form a scaled enterprise focused on high-value less-than-truckload (LTL) services. Both companies' boards have approved, and the merger is slated to close later this year. Forward’s CEO, Tom Schmitt, will remain the chairman and CEO of the combined company, while Omni’s CEO, J.J. Schickel, will serve as president. The merger seeks to leverage the combined strengths of both companies to offer high-value freight and expanded services to clients.
Omni Logistics is set to merge with Forward Air Corporation, a publicly traded provider of asset-light transportation services, in a combination set to create a $3.7 billion entity. https://t.co/xYqhhgV1zO— Business Journals (@bizjournals) August 10, 2023
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