In connection with the transaction, subsidiaries of Universal assumed the real property leases and equipment leases for tractors and trailers used in the operation, as well as various customer, agent and other contracts for a purchase price of about $2 million. Pacer retained the rights to all receivables generated by this trucking operation through the closing date.
Pacer completes sale of heavy-haul trucking unit
Pacer completes sale of heavy-haul trucking unit
Pacer International said it has closed the previously-announced sale of certain assets of its specialized heavy-haul trucking operation to subsidiaries of Universal Truckload Services earlier this week.
In connection with the transaction, subsidiaries of Universal assumed the real property leases and equipment leases for tractors and trailers used in the operation, as well as various customer, agent and other contracts for a purchase price of about $2 million. Pacer retained the rights to all receivables generated by this trucking operation through the closing date.
In connection with the transaction, subsidiaries of Universal assumed the real property leases and equipment leases for tractors and trailers used in the operation, as well as various customer, agent and other contracts for a purchase price of about $2 million. Pacer retained the rights to all receivables generated by this trucking operation through the closing date.
