Simpson Thacher is representing LINC Logistics Company and its owner, the Moroun Family, in connection with its sale to Universal Truckload Services, Inc. (NASD: UACL) in a stock-for-stock transaction valued at approximately $335 million, including the assumption of debt. The combination of Universal and LINC will create one of the largest full-service, asset-light logistics platforms in North America.
LINC is a leading asset-light provider of custom-developed third-party logistics solutions that allow its customers and clients to reduce costs and manage their global supply chains more efficiently. Universal is primarily an asset-light provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec.
The Simpson Thacher team includes William Brentani, Peter Malloy, Atif Azher, Andrew Hecht, Alex Kaufman and Alexis Orenstein (M&A); Katharine Moir and Jason Vollbracht (Tax); Jeff Ostrow and Roxana Niktab (Intellectual Property); and Tristan Brown and Jennifer Wolff (Executive Compensation & Employee Benefits). Summer associate Michael Renner provided valuable assistance.
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