---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-23-000193"
form_type: "8-K/A"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T10:46:45.405376+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Covenant Logistics completes $100M acquisition of Lew Thompson & Son Trucking

## Summary
- Closed April 26, 2023; enterprise value ~$100M plus earnout up to $30M over three years.
- Acquired 100% of outstanding stock of Lew Thompson & Son, a poultry feed and live haul carrier in NW Arkansas.
- Earnout based on business results over the three following calendar years.
- Amendment reclassifies transaction from Item 8.01 to Item 2.01 (completion of acquisition).

## SEC filing metadata
- accession: 0001008886-23-000193
- form_type: 8-K/A
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888623000193/0001008886-23-000193-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888623000193/form8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-23-000193
- JSON: https://secwatch.observer/filing/0001008886-23-000193.json
- Plain text: https://secwatch.observer/filing/0001008886-23-000193.txt

## Key facts
- M&A Transactions
  COVENANT LOGISTICS GROUP, INC. completed an acquisition involving Lew Thompson & Son Trucking, Inc. and related entities (Lew Thompson & Son) for closing enterprise value of approximately $100 million plus an earnout of up to $30 million (closed 2023-04-26).
  - Action: acquisition
  - Counterparty: Lew Thompson & Son Trucking, Inc. and related entities (Lew Thompson & Son)
  - Consideration: closing enterprise value of approximately $100 million plus an earnout of up to $30 million
  - Closing: 2023-04-26
  source text: the terms of the Stock Purchase Agreement, the Company purchased 100% of the outstanding stock of Lew Thompson & Son in exchange for a closing enterprise value of approximately $100 million plus an earnout of up to $30 million depending on the results achieved by the business over the three following calendar years. The Purchase Agreement contains customary
  evidence_url: https://www.sec.gov/Archives/edgar/data/928658/000100888623000193/0001008886-23-000193-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.