Universal Logistics acquires Parsec for $193m

PRESS RELEASE 

Universal Logistics Holdings Acquires Parsec, a Market-Leading Rail Terminal Operator

Sep 30, 2024, 16:10 ET

WARREN, Mich., Sept. 30, 2024 /PRNewswire/ ? Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced today its acquisition of Parsec, LLC, Parsec Intermodal of Canada ULC, and OB Leasing, LLC (collectively “Parsec”). Parsec is a market-leading provider of terminal management services to the Class I, regional, and short-line railroads across North America. With a highly-skilled workforce of nearly 2,100 employees, Parsec offers a ...