FW: Family behind Jack Cooper quietly acquires LTL carrier through separate entity
FREIGHTWAVES reports: Sakaem Logistics, an entity with ties to the same family that owns Teamsters-staffed car ...
FREIGHTWAVES reports:
Managed transportation and technology provider Uber Freight’s (NYSE:UBER) conclusion in October of an $851 million payout to Greenbriar Equity Group effectively ended the structured investment relationship established in October 2020.
Greenbriar led a $500 million investment in Uber Freight, valuing the company at $3.3 billion post-money and positioning Uber Freight as a player with ambitious growth plans. However, the payout signifies a shift, highlighting both Uber Freight’s evolving valuation and the foresight of Greenbriar’s strategic financial protections.
The investment
When Greenbriar invested in Uber Freight, it ...
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