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Universal Truckload Services, Inc. (UACL) has entered into a Limited Asset Purchase Agreement to acquire certain assets utilized in the operations of Pacer Transport, Inc. and two of its subsidiaries, S&H Transport, Inc. and S&H Leasing, Inc., based in Desoto, Texas. The assets purchased include customer, owner-operator, and agent lists and files, as well as owned trailers, used in operations consisting primarily of flatbed, van, and specialized heavy-haul equipment services throughout the United States. The purchased assets will be integrated into the operations of Universal Am-Can, Ltd., a wholly-owned subsidiary of Universal Truckload Services, Inc.
The Pacer Transport network consists of approximately 130 agents, 480 owner-operators, and 99 company trucks. Universal expects that the acquisition will contribute approximately $30 million to $40 million of additional revenues, and that it will not have a material effect on net income for the third and fourth quarters of 2009. Terms of the acquisition were not disclosed.
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