Forward Air Corporation

Forward Air Corporation

Forward Air Corporation

Overview
Date Founded

1981

Headquarters

1915 Snapps Ferry Road,Building N,Greeneville, TN 37745-1824

Type of Company

Public

Employees (Worldwide)

3,774

Industries

Other Transportation
Other Business & Consulting Services
Shipping & Delivery

Company Description

Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL and Intermodal. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.

Contact Data
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Executives & Employees

Executive Chairman, President & Chief Executive Officer

Chief Financial Officer & Treasurer

Chief Operating Officer

Secretary, Senior Vice President & General Counsel

Chief Commercial Officer

Chief Information Officer

Senior Vice President, Chief Legal Officer & Secretary

Chief People Officer

Partner

Senior Director of Sales

Board of Directors

Executive Chairman, President & Chief Executive Officer at Forward Air Corporation

Co-Founder at Calade Partners LLC

Chairman/Founder at Niswonger Foundation

Former Executive Vice President & Chief Operating Officer at Diebold Nixdorf, Inc.

Forward Air Corporation

Chief Executive Officer at EthosEnergy

Chief Operating Officer at Funding Circle USA, Inc.

Former Secretary, Senior Vice President & General Counsel at Forward Air Corporation

Paths to Forward Air Corporation
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Forward Air Corporation
Owners & Shareholders
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Ancora Alternatives aims to develop Private Funds and related investment vehicles that can deliver superior risk-adjusted returns. The fir builds a range of equity, fixed income, mutual fund and alternative investment strategies to perform across asset classes.

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Founded in 2007, ArrowMark Partners is an SEC-registered investment adviser headquartered in Denver, CO and adviser to the Meridian Funds family. The founding partners have worked together since 1995.

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Silvercrest Asset Management Group is an independent, employee-owned, registered investment advisor which provides asset management and family office services to families and select institutional investors. Silvercrest combines the client-focused service which was the hallmark of private banks and investment counsel firms in an earlier age with state of the art theories of portfolio construction, risk management and diversification. Silvercrest's professionals have dedicated their careers to wealth management and our Managing Directors, who average more than 25 years of wealth management experience, have advised their clients through the boom of bull markets and the gloom of bear markets. We are not swayed by market manias. We are only interested in seeing our clients' assets invested in a manner consistent with their tolerance for risk. Silvercrest currently advises on $11.2 billion* for a clientele comprised primarily of families, as well as endowments, foundations and other institutional investors. Silvercrest's family office, advisory and investment capabilities are available to clients interested in investing substantial assets. Silvercrest is free from the numerous conflicts of interest inherent to larger organizations. Our size, our employee ownership and our collegial culture-coupled with the spirit, camaraderie and character of our organization-stand in sharp contrast to much of Wall Street and the financial services industry. We enjoy working with one another and we enjoy working with our clients. The quality, integrity and independence of our advice, coupled with our unwavering commitment to client service, sets us apart in a crowded field.

Recent Transactions
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Forward Air Corporation purchases Bulloch & Bulloch, Inc.

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Forward Air Corporation, Central States Trucking Co. purchase Atlantic Trucking Co., Inc.

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Central States Trucking Co., Forward Air Corporation purchase Triumph Transport, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onForward Air Corporation purchases Central States, Inc. /Subsidiaries (2) from Central States, Inc.

Underwriter

Advised onForward Air Corporation issued USD Common Stock

Escrow Agent

Advised onForward Air Corporation, Forward Air, Inc. purchase Towne Air Freight LLC from Charterhouse Group, Inc., Centre Lane Partners

Legal Advisor

Advised onForward Air Corporation purchases Central States, Inc. /Subsidiaries (2) from Central States, Inc.

Legal Advisor

Advised onForward Air Corporation, Forward Air, Inc. purchase Towne Air Freight LLC from Charterhouse Group, Inc., Centre Lane Partners

Escrow Agent

Advised onForward Air Corporation, Forward Air, Inc. purchase Towne Air Freight LLC from Charterhouse Group, Inc., Centre Lane Partners

Advisors & Consultants
Legal Advisor

Shareholder at Greenberg Traurig LLP

Advisor

Former Benefit Plan Administrator at Forward Air Corporation

Consultant

President at Total Quality, Inc.

Clients

Gap, Inc. operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections. The Old Navy Global segment offers clothing and accessories for adults and children. The Banana Republic Global segment provides clothing, eyewear, jewelry, shoes, handbags, and fragrances. The Athleta segment offers fitness apparel for women. The company founded by Donald G. Fisher and Doris F. Fisher in July 1969 and is headquartered in San Francisco, CA.

Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the Airline and Refinery segments. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.

Expeditors International of Washington, Inc. engages in the provision of global logistics services. The firm offers airfreight, ocean freight and ocean and customs brokerage and other services. It also provides customer solutions such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions. The company was founded by John M. Kaiser, Peter Rose, Wang Li Kou, Kevin Walsh, Hank Wong, George Ho, Robert Chiarito, and Glenn Alger in May 1979 and is headquartered in Seattle, WA.

Key Stats and Financials As of 2020
Market Capitalization
$2.34B
Total Enterprise Value
$2.33B
Earnings Per Share
$0.84
Revenue
$1.27B
EBITDAMargin
8.75%
EBITDA
$111M
Net Profit
$23.4M
Total Equity
$547M
Total Debt
$243M
Enterprise Value EBITDAOperating
19.88x
Debt TEV
0.1x
TEVNet Income
99.85x
Enterprise Value / Sales
1.84x
Three Year Compounded Annual Growth Rate Of Revenue
4.87%
Competitors
FedEx Corporation Shipping & Delivery - Memphis, TN

FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

United Parcel Service, Inc. Shipping & Delivery - Atlanta, GA

United Parcel Service, Inc. operates as a logistics and package delivery company that provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing. The firm operates through the following segments: U.S. Domestic Package, International Package, and Supply Chain and Freight. The U.S. Domestic Package segment offers a full spectrum of U.S. domestic air and ground package transportation services. The International Package segment consists of small package operations in Europe, Asia Pacific, Canada, Latin America and the Indian sub-continent, Middle East and Africa (ISMEA) and offers a selection of day and time definite international shipping services. The Supply Chain & Freight consists of forwarding, truckload brokerage, logistics, UPS Freight, UPS Capital and other businesses. The company was founded by James E. Casey and Claude Ryan on August 28, 1907 and is headquartered in Atlanta, GA.

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