Universal Logistics Holdings Acquires Parsec For Purchase Price Of $193.6M
Portfolio Pulse from Benzinga Newsdesk
Universal Logistics Holdings has acquired Parsec for $193.6 million, expanding its logistics capabilities.
September 30, 2024 | 8:12 pm
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Universal Logistics Holdings has acquired Parsec for $193.6 million, which is likely to enhance its logistics capabilities and potentially improve its market position.
The acquisition of Parsec by Universal Logistics Holdings is a strategic move to enhance its logistics services. This acquisition is likely to improve ULH's market position and operational capabilities, which could positively impact its stock price in the short term.
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