On the Record · Forward Air
Forward Air acquisitions, on the record
The businesses Forward Air bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Final Mile businessWord for word“In December 2023, our Board of Directors approved a strategy to divest of the Final Mile business (“Final Mile”), and the sale of Final Mile was completed on December 20, 2023.” 10-K for 2023 | divestiture | December 20, 2023 | — |
PoolWord for word“On April 23, 2020, we made a decision to divest of Pool and the sale was completed on February 12, 2021.” 10-K for 2023 | divestiture | February 12, 2021 | — |
Omni Newco LLC (Omni)Word for word“on January 25, 2024 (the “ Closing Date ” ), we completed the acquisition of Omni Newco LLC (“Omni”) pursuant to the Agreement and Plan of Merger, dated as of August 10, 2023 (the “ Merger Agreement ” , and as amended by Amendment No. 1, dated as of January 22, 2024, the “Amended Merger Agreement”) (the “Omni Acquisition”).” 10-K for 2023 | acquisition | January 25, 2024 | — |
Land Air ExpressWord for word“In January 2023, we acquired Land Air Express to accelerate the expedited LTL footprint expansion in the middle part of the United States.” 10-K for 2023 | acquisition | January 2023 | — |
J&P Hall Express DeliveryWord for word“In May 2021, we acquired J&P Hall Express Delivery to expand the expedited LTL footprint across the Southeast.” 10-K for 2023 | acquisition | May 2021 | — |
Central States Trucking Co. (CST)Word for word“In 2014 we created the foundation for what is our Intermodal segment by acquiring Central States Trucking Co. (“CST”).” 10-K for 2023 | acquisition | 2014 | — |
OmniWord for word“On January 25, 2024, we completed the Omni Acquisition pursuant to which we acquired Omni for a combination of (a) $100,499 in cash (which includes pre-acquisition Omni costs of approximately $80 million) (b) 14,015 shares of common stock on an as-converted and as-exchanged basis consisting of: (i) 1,910 shares of common stock (of which 1,210 were issued upon conversion of the Series C Preferred Units upon the Conversion Approval) and (ii) 12,105 Opco Class B Units and corresponding Series B Preferred Units, which are exchangeable into shares of common stock (of which 7,670 units were issued upon conversion of the units of Opco designated as “Opco Series C-2 Preferred Units” upon the Conversion Approval).” 10-K for 2024 | acquisition | January 25, 2024 | $100,499 in cash (which includes pre-acquisition Omni costs of approximately $80 million) (b) 14,015 shares of common stock on an as-converted and as-exchanged basis |
Land Air Express, Inc. (Land Air) - certain assetsWord for word“In January 2023, we acquired certain assets of Land Air Express, Inc. (“Land Air”) for $56,567.” 10-K for 2024 | acquisition | January 2023 | $56,567 |
Omni Newco LLCWord for word“On January 25, 2024 (the “ Closing Date ” ), we completed the acquisition of Omni Newco LLC (“Omni”) pursuant to the Agreement and Plan of Merger, dated as of August 10, 2023 (the “ Merger Agreement ” , and as amended by Amendment No. 1, dated as of January 22, 2024, the “Amended Merger Agreement”) (the “Omni Acquisition”).” 10-K for 2025 | acquisition | January 25, 2024 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $11.8 million | $6.3 million |
| 2017-12-31 | $23.1 million | $7 million |
| 2018-12-31 | $20 million | — |
| 2019-12-31 | $39 million | $22 million |
| 2020-12-31 | $63.7 million | $29.3 million |
| 2021-12-31 | $59.9 million | $21.8 million |
| 2022-12-31 | $66.1 million | $34.8 million |
| 2023-12-31 | $56.7 million | $20.6 million |
| 2024-12-31 | $1.58 billion | $1.27 billion |
| 2025-12-31 | $0 | $0 |
Deal filings since 2016
- 2025-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-01-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-01-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-10-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Forward Air’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.