Hub Group closes on $255M deal for CaseStack

|About: Hub Group, Inc. (HUBG)|By:, SA News Editor

Hub Group (NASDAQ:HUBG) has wrapped up a $255M all-cash acquisition of CaseStack.

The deal expands Hub Group's integrated supply chain solutions offering, it says, and will be accretive to earnings in 2019.

CaseStack generated revenue of $242M and EBITDA of $22M for the 12 months ended Sept. 30.

CaseStack's senior leadership team will stay with the business.

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