LANDSTAR SYSTEM INC acquired National Logistics Management Co. (NLM), structured as Purchase agreement with contingent (earnout) consideration payable to the prior owner based on NLM earnings through 2014.
National Logistics Management Co. (NLM) operates in Supply chain / logistics integration, is based in United States (Michigan). National Logistics Management Co. (NLM), founded in 1989, is a technology-based supply chain solutions provider focused on managing critical and time-sensitive freight. Landstar announced the acquisition of NLM in July 2009, together with related corporate subsidiaries and affiliates, to expand its non-asset-based, fee-for-service supply chain transportation integration capabilities. The purchase agreement provided for additional contingent purchase price payable to the prior owner, tied to NLM achieving specified earnings levels through 2014.
Broaden Landstar's non-asset-based supply chain integration offering, adding technology-based logistics order management, shipment planning and optimization, rate management, transportation sourcing, in-transit visibility and shipment execution services delivered to shippers on a fee-for-service basis.
Advisory firms were not disclosed for this transaction.