Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/2/2013 10:50:00 AM Write a Letter to the Editor Write a letter to the Editor

Universal Truckload Services to Acquire Westport Axle for $123 Million

Universal Truckload Services Inc. said it will acquire Westport Axle Corp. from its Brazilian owners for $123 million.

Westport, based in Louisville, Ky., had operating revenues of $66 million for the nine months ended Sept. 30, according to Universal Truckload. 

Westport provides warehousing and component-distribution services to manufacturers of Classes 4-8 trucks and is owned by the holding company SM Brasil Participacoes S/A.

“The acquisition of Westport strategically enhances our customer base by further penetrating industrial markets, specifically to manufacturers of medium- and heavy-duty trucks. We believe that Westport’s value-added services and limited capital requirements fit nicely into Universal’s business model and long-term growth strategy,” Universal Truckload CEO Scott Wolfe said in a statement.

“We look forward to working with Westport’s proven management team to enhance their already-strong customer relationships as we further expand Universal’s value to our customers,” he said.

Universal said it expects to receive regulatory approval and close the acquisition in late December.

Universal Truckload Services, based in Warren, Mich., ranks No. 26 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement