Schneider National Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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Sep 30, 2024 · Filed Nov 6, 2024
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Acquisitions
- ACQUISITIONS
M&M Transport Services, LLC
On August 1, 2023, we acquired 100% of the membership interest in M&M for a final purchase price of $243.8 million, inclusive of cash and other working capital adjustments. The purchase price allocation for M&M was considered final as of June 30, 2024 and resulted in $103.5 million of goodwill being recorded in the Truckload reportable segment. M&M is a dedicated trucking company located primarily in New England which complements our dedicated Truckload operations, and their operating results are included in our consolidated results of operations beginning on the date acquired.
The following unaudited pro forma revenues give effect to the acquisition had it been effective January 1, 2023. Combined unaudited pro forma operating revenues of the Company and M&M would have been approximately $1,361.6 million and $4,197.8 million during the three and nine months ended September 30, 2023, respectively, and our earnings for the same periods would not have been materially different.
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