Forward Air Corp. said Monday its wholly owned subsidiary, Forward Air Solutions Inc., has entered into an agreement to acquire certain assets of Service Express, a privately held provider of pool distribution and related services headquartered in Spartanburg, S.C.
Service Express generated about $39 million in revenue last year, and the transaction is scheduled to close by Sept. 8, Forward Air said in a statement. Terms of the deal were not disclosed.
“We are pleased to add another quality carrier . . . to our Forward Air Solutions group,” Forward Air Chairman and Chief Executive Officer Bruce Campbell said in a statement.
Forward Air Corp. is ranked No. 65 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.