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JP Morgan, Goldman Sachs: Advisory on $1bn Acquisition of Coyote Logistics from UPS

JP Morgan and Goldman Sachs are steering a significant transaction in the logistics industry, with RXO set to acquire Coyote Logistics from UPS for $1.025 billion in cash.

The JP Morgan office in London. PHOTO: Chris Ratcliffe/Bloomberg
The JP Morgan office in London. PHOTO: Chris Ratcliffe/Bloomberg

This deal propels RXO to become the third-largest provider of brokered transportation in North America, significantly enhancing its market footprint and operational capacity.

Financially, the acquisition is poised

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