Covenant Logistics Group, Inc. /
Lew Thompson & Son Trucking, Inc. and related entities
Covenant Logistics Group adds Arkansas trucking business
What happened
Covenant Logistics Group, Inc. completed its acquisition of Lew Thompson & Son Trucking, Inc. and related entities on April 26, 2023. Lew Thompson & Son is a dedicated contract carrier specializing in poultry feed and live haul transportation in Northwest Arkansas and surrounding areas.
The transaction had a closing enterprise value of approximately $100 million, plus an earnout of up to $30 million tied to business results over the following three calendar years.
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Covenant Logistics Group adds Arkansas trucking business
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