United Parcel Service $1.8 billion acquisition of Coyote Logistics

18/8/2015

Public acquisition

Value:

$ 1.8 billion

Status:

Completed

Date:

18/8/2015

Overview:

Shipping company United Parcel Service (UPS) has completed its $1.8 billion acquisition of truckload freight brokerage Coyote Logistics.
Coyote was sold by private equity firm Warburg Pincus.
The deal was first announced in July, 2015.

Kurt Stumpo - Journalist

Jurisdictions:

United States
United Kingdom

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Logistics

Firms:

Gibson Dunn & Crutcher

Party: UPS (Acquirer)

Lawyers: Barbara Becker, Mitri Najjar

Kirkland & Ellis

Party: Warburg Pincus (Seller)

Lawyers: Eunu Chun, Leo Greenberg

Sullivan & Cromwell

Party: Bank of America Merrill Lynch (Financial adviser)

Party: UBS (Financial adviser)

Lawyer: Stephen Kotran

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