July 30, 2014
XPO Logistics, Inc. acquires Willkie client New Breed Holding Company, the preeminent U.S. provider of non-asset based, complex, technology-enabled contract logistics for corporate clients.
On July 29, it was announced that XPO Logistics, Inc. will acquire Willkie client New Breed Holding Company, the preeminent U.S. provider of non-asset based, complex, technology-enabled contract logistics for blue chip customers, for $615 million on a cash-free, debt-free basis.
Based in High Point, N.C., New Breed’s service offerings includes omni-channel distribution, reverse logistics, transportation management, freight bill audit and payment, lean manufacturing support, aftermarket support and supply chain optimization for customers in the technology, telecom, e-commerce, aerospace and defense, medical equipment and manufacturing sectors. The company operates 71 facilities and employs approximately 6,800 people.
The Willkie deal team was led by partner Jeffrey Hochman and included partners Jeffrey Goldfarb, Hillel Jacobson, Michael Katz and Christopher Peters; of counsel William Thomas; special counsel Miriam Bishop, Russell Smith and Kim Walker and associates Manuel Miranda, Kate O’Donnell, Rose Ohanesian, Michal Flombaum, Tristan Freeman, Michael Gordon, Annise Maguire, Marc Palladino, Peter Phillips, Benjamin Shapiro, Thomas Spencer and Caleb Vesey.
