Stratrix
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

BusinessDealWhenValue
Final Mile business
Word 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
divestitureDecember 20, 2023—
Pool
Word 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
divestitureFebruary 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
acquisitionJanuary 25, 2024—
Land Air Express
Word 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
acquisitionJanuary 2023—
J&P Hall Express Delivery
Word 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
acquisitionMay 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
acquisition2014—
Omni
Word 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
acquisitionJanuary 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 assets
Word for word“In January 2023, we acquired certain assets of Land Air Express, Inc. (“Land Air”) for $56,567.” 10-K for 2024
acquisitionJanuary 2023$56,567
Omni Newco LLC
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 2025
acquisitionJanuary 25, 2024—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash 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

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.