On the Record · Hub Group
Hub Group acquisitions, on the record
The businesses Hub Group 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 |
|---|---|---|---|
TAGG Logistics, LLCWord for word“On August 22, 2022, we acquired 100% of the equity interests of TAGG. Total consideration for the transaction was approximately $103.5 million in cash.” 10-K for 2022 | acquisition | On August 22, 2022 | approximately $103.5 million in cash |
Choptank Transport, LLCWord for word“On October 19, 2021, we acquired 100% of the equity interests of Choptank. Total consideration for the transaction was $127.6 million in cash and the settlement of accounts receivable due from Choptank of $0.3 million.” 10-K for 2022 | acquisition | On October 19, 2021 | $127.6 million in cash and the settlement of accounts receivable due from Choptank of $0.3 million |
NonstopDelivery, LLCWord for word“On December 9, 2020, we acquired 100% of the equity interests of NonstopDelivery, LLC (“NSD”). Total consideration for the transaction was $105.9 million which consisted of cash paid of $89.8 million, of which $0.1 million was paid in the second quarter of 2021 as part of the post-closing true-up, and the settlement of Hub’s accounts receivable due from NSD of $16.1 million.” 10-K for 2022 | acquisition | On December 9, 2020 | $105.9 million which consisted of cash paid of $89.8 million, of which $0.1 million was paid in the second quarter of 2021 as part of the post-closing true-up, and the settlement of Hub's accounts receivable due from NSD of $16.1 million |
Forward Air Final Mile (FAFM)Word for word“On December 20, 2023, we acquired 100% of the equity interests of Forward Air Final Mile (“FAFM”).” 10-K for 2023 | acquisition | On December 20, 2023 | — |
TAGG Logistics, LLC (TAGG)Word for word“On August 22, 2022, we acquired 100% of the equity interests of TAGG Logistics, LLC (“TAGG” ).” 10-K for 2023 | acquisition | On August 22, 2022 | — |
Choptank Transport, LLC (Choptank)Word for word“On October 19, 2021, we acquired 100% of the equity interests of Choptank Transport, LLC (“Choptank”).” 10-K for 2023 | acquisition | On October 19, 2021 | — |
EASO (Corporación Interamericana de Logística, S.A. de C.V. and certain associated entities)Word for word“The estimated fair value of total consideration transferred was approximately $55 million for a 51% equity stake in EASO.” 10-K for 2024 | acquisition | — | approximately $55 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2017-12-31 | $165.9 million | — | $86.5 million |
| 2018-12-31 | $248.7 million | $228 million | $165 million |
| 2019-12-31 | $734,000 | $19.4 million | $1.1 million |
| 2020-12-31 | $84.8 million | $0 | $24.3 million |
| 2021-12-31 | $122.4 million | $0 | $68.4 million |
| 2022-12-31 | $102.7 million | — | $52.5 million |
| 2023-12-31 | $260.8 million | — | $104.3 million |
| 2024-12-31 | $14.6 million | — | $81.9 million |
Deal filings since 2016
- 2026-09-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-03-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-06-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-09-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Hub Group’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-25. 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.