Roadway Sells Arnold Transportation

The ATS group is headed by Michael S. Walters, its president and CEO, and Jefferies Capital Partners, a private equity firm. The #55 million deal should be completed in the first quarter of this year.

With headquarters in Jacksonville, FL, ATS is a dedicated truckload carrier servicing the Northeast, Southeast, Midwest, and Southwest. ATS has 800 tractors, 500 owner-operators, and 4,200 trailers. As the nation’s leading less-than-truckload (LTL) carrier, Roadway did not see ATS as a strategic fit. “We have been pleased with the business levels, profitability, and quality of management at ATS,” says Michael W. Wickham, chairman of the board and CEO of Roadway. “It is, however, a truckload carrier, and does not fit our strategic focus. The sale will allow u to reduce debt levels and pursue additional LTL opportunities.”

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