financial advisor
Hub Group
M&A Advisory
Has Acquired
Transaction Details
- On August 22, 2022, Hub Group, Inc. (NASDAQ:HUBG)(“Hub”) announced the acquisition of TAGG Logistics, LLC. (“TAGG”)
- The acquisition bolsters Hub’s presence in the consolidation and fulfillment space and adds a complementary e-commerce offering to serve its customers' multimodal transportation and logistics needs
- Hub’s management views the addition of TAGG as an important strategic milestone toward achieving Hub’s goal of $5.5-$6.5 billion of revenue by 2025
- The acquisition adds scale to Hub’s logistics service line and is expected to result in numerous complementary cross-selling opportunities for both Hub’s and TAGG’s customer bases
Source: Press Release, Company Information.
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