Universal Logistics acquires Specialized Rail Service for $12.3M
Universal Logistics Holdings announced the acquisition of Specialized Rail Service, which offers local and regional intermodal drayage services, as well as transloading, cross-docking, warehousing and distribution, and intermodal facility management. Specialized Rail Service boasts a fleet of over 140 tractors and provides capacity to much of the western United States. For the year-ended December 31, 2017, Specialized Rail Service reported total operating revenues of $25.8M. The purchase price was $12.3M, subject to customary post-closing adjustments. Pursuant to the acquisition, SRS will operate as part of Universal Intermodal, Inc. and is expected to be immediately accretive.