Warren, MI – December 20, 2013 — Universal Truckload Services, Inc. (NASDAQ: UACL) today announced that it has completed the previously-announced acquisition of Westport Axle Corporation (―Westport‖) for a cash purchase price of $123.0 million, subject to a post-closing adjustment. Based in Louisville, Kentucky, Westport is a provider of value-added warehousing and component distribution services to U.S. manufacturers of Class 4-8 trucks, RVs and super-duty trucks. Westport also machines and distributes steering knuckles and axle components for the automotive industry. For the year-ended December 31, 2012, Westport had operating revenues of $58.4 million, and $66.0 million for the nine months ended September 30, 2013.
Universal Completes Acquisition of Westport Axle Corporation
Warren, MI – December 20, 2013 — Universal Truckload Services, Inc. (NASDAQ: UACL) today announced that it has completed the previously-announced acquisition of Westport Axle Corporation (―Westport‖) for a cash purchase price of $123.0 million, subject to a post-closing adjustment. Based in Louisville, Kentucky, Westport is a provider of value-added warehousing and component distribution services … Read more