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August 10, 2023
GREEN BAY – Schneider National, Inc. (NYSE: SNDR), a multimodal provider of transportation, intermodal and logistics services, announced the company has acquired M&M Transport Services, LLC, based in West Bridgewater, Massachusetts.
M&M Transport is a Dedicated contract carrier that primarily provides specialty solutions for the retail and manufacturing verticals.
Schneider President and CEO Mark Rourke said the acquisition further complements Schneider’s Dedicated organic growth success.
“By combining our respective expertise, knowledge and resources, we will be better positioned to meet the evolving needs of our customers and expand our reach in the Dedicated market,” Rourke said. “This is an exciting opportunity to leverage the best of both companies and use our complementary capabilities to deliver enhanced value to our customers and stakeholders.”
M&M Transport Founder Mark Warsofsky said both companies have a successful history of Dedicated operational excellence – “so our cultures are an excellent match.”
“Now, as a wholly owned subsidiary of Schneider, M&M Transport will continue to leverage our strengths while capitalizing on Schneider’s broad capabilities and resources to support continued growth and the consistent, reliable service that our customers expect from M&M Transport,” Warsofsky said.
The acquisition is expected to be immediately accretive to Schneider’s earnings per share.
M&M Transport financial results will be reported in Dedicated operations as part of the Truckload segment beginning in the third quarter of 2023.
