FINANCIAL ADVISOR
Hub Group, Inc.
M&A Advisory
Has Acquired The Intermodal Division Of
Transaction Details
On July 22, 2025, Hub Group, Inc. (NASDAQ: HUBG) announced that it has entered into an agreement to acquire the intermodal assets of Marten Transport, Ltd. Intermodal (“Marten Intermodal”), a division of Marten Transport, Ltd. (NASDAQ: MRTN).
- The transaction is structured as an asset purchase of certain intermodal equipment and contracts and is expected to close by the end of the third quarter, subject to certain customary closing conditions.
Marten Intermodal provides temperature-controlled intermodal service to a diversified group of approximately 100 shippers in the food and beverage segments and has generated $51.5 million of revenue over the trailing twelve months ended June 30, 2025.
The acquisition includes approximately 1,200 refrigerated containers and makes Hub Group the second largest provider of temperature-controlled intermodal solutions in North America.
About the company
Hub Group, Inc.
Hub Group offers comprehensive transportation and logistics management solutions. Keeping our customers’ needs in focus, Hub Group designs, continually optimizes, and applies industry-leading technology to our customers’ supply chains for better service, greater efficiency, and total visibility. As an award-winning, publicly traded company (NASDAQ: HUBG) with approximately $4 billion in revenue, our nearly 6,000 employees and drivers across the globe are always in pursuit of “The Way Ahead” – a commitment to service, integrity and innovation. For more information, visit hubgroup.com.
Sources: Company Press Release.
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