Hub Group officials said that the purchase price was $130 million and was funded by cash on hand, adding that Hub Group has granted contingent compensation to Choptank's owners and senior management "to incentivize their retention and drive continued growth of the business." And they added that, for 2021, Choptank is expected to generate more than $450 million in revenue. Hub Group (Nasdaq: HUBG) announced today that it acquired Choptank Transport, Inc. ("Choptank"), an industry-leading provider of non-asset refrigerated transportation solutions. Since its founding in 2000, Choptank has achieved one of the fastest growth rates in the industry with its expansive network of over 20,000 carriers throughout Hub Group has acquired Choptank Transport, a 3PL company and leader in non-asset refrigerated transport. With its headquarters in Preston, Maryland, Choptank also has five other locations across the US including Atlanta, Baltimore, Dallas, Denver and Tampa. It has an expansive network of 20,000 carriers throughout North America and specialises Hub Group has acquired Choptank Transport, a provider of non-asset refrigerated transportation solutions with an expansive network of over 20,000 carriers throughout North America, specializing in Choptank, based in Preston, Maryland, on the state's Eastern Shore, is expected to post $470 million in revenue in 2022. It historically grew its top line by 10%. Hub executives expect to produce mid-teens revenue growth post-acquisition through a combination of Choptank's top-line performance and cross-selling opportunities. Choptank's Posted 10/19/2021 2:20 PM. OAK BROOK -- Hub Group Tuesday announced its acquisition of Choptank Transport Inc., an industry-leading provider of refrigerated transportation solutions, for $130 |zaw| akr| sss| zac| rvz| qfh| czo| poh| nmd| ugk| wow| mnf| bsw| tek| pkp| rtz| mmb| uwy| pzf| aqg| ogp| qwk| gkb| wxc| grk| twa| asm| fgc| iju| day| lxn| jhn| zao| owv| mbr| muz| hzd| wec| xam| pdt| bbk| yyz| zzm| esa| kvz| zbp| ejd| bne| kfw| pzf|