On the Record · Schneider National
Schneider National acquisitions, on the record
The businesses Schneider National 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 |
|---|---|---|---|
M&M Transport Services, LLCWord for word“On August 1, 2023, the Company completed the acquisition of M&M, a privately held truckload carrier based in West Bridgewater, Massachusetts that primarily provides specialty solutions for retail and manufacturing customers.” 10-K for 2023 | acquisition | August 1, 2023 | — |
deBoer Transportation, Inc.Word for word“We entered into a Securities Purchase Agreement, dated June 7, 2022 , to acquire 100 % of the outstanding equity of deBoer, a regional, dedicated carrier headquartered in Blenker, WI.” 10-K for 2023 | acquisition | June 7, 2022 | — |
Midwest Logistics Systems, Ltd.Word for word“The aggregate purchase price of the acquisition was approximately $ 268.8 million inclusive of $ 5.7 million in net working capital and other post-acquisition adjustments received in 2022 and a deferred payment of $ 3.2 million made in January 2022.” 10-K for 2023 | acquisition | — | approximately $ 268.8 million |
Sale of the Company's Canadian facilityWord for word“Net gains for 2022 were primarily related to the sale of the Company’s Canadian facility.” 10-K for 2023 | divestiture | 2022 | — |
China-based logistics operations (Asia business)Word for word“The sale resulted in the recognition of a $ 5.0 million loss, which was recorded within operating supplies and expenses—net in the consolidated statements of comprehensive income, and operating results through the date of sale are included within Other.” 10-K for 2023 | divestiture | — | $ 5.0 million loss |
Cowan SystemsWord for word“On December 2, 2024 , we acquired 100 % of the membership interest of Cowan Systems and affiliated entities holding assets comprising substantially all of Cowan Systems’ business for approximately $ 398.6 million inclusive of cash and other working capital adjustments.” 10-K for 2024 | acquisition | On December 2, 2024 | approximately $ 398.6 million inclusive of cash and other working capital adjustments |
M&M Transport Services, LLC (M&M)Word for word“On August 1, 2023 , we acquired 100 % of the membership interest in M&M for $ 243.8 million, inclusive of cash and other working capital adjustments.” 10-K for 2024 | acquisition | On August 1, 2023 | $ 243.8 million, inclusive of cash and other working capital adjustments |
Canadian facilityWord for word“Net gains for 2022 were primarily related to the sale of the Company’s Canadian facility.” 10-K for 2024 | divestiture | — | — |
Business sold under management buyout agreementWord for word“The sale resulted in the recognition of a $ 5.0 million loss, which was recorded within operating supplies and expenses—net in the consolidated statements of comprehensive income, and operating results through the date of sale are included within Other.” 10-K for 2024 | divestiture | — | — |
CowanWord for word“On December 2, 2024 , we acquired 100 % of the membership interest of Cowan and affiliated entities holding assets comprising substantially all of Cowan’ business for approximately $ 398.6 million inclusive of cash and other working capital adjustments.” 10-K for 2025 | acquisition | December 2, 2024 | approximately $ 398.6 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $78.2 million | — |
| 2017-12-31 | $0 | — |
| 2018-12-31 | $0 | — |
| 2019-12-31 | $0 | — |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $271.3 million | $122.7 million |
| 2022-12-31 | — | $7.7 million |
| 2023-12-31 | — | $104.6 million |
| 2024-12-31 | — | $46.2 million |
Deal filings since 2016
- 2026-10-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-11-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-31 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
- 2023-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-11-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-08-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-09-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Schneider National’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 2026-02-20. 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.