Universal Logistics sells Kearny, NJ facility for $38M cash and receives Newark facility via related-party swap

UNIVERSAL LOGISTICS HOLDINGS, INC.

UTSI sold Kearny property for $38M cash and received all membership interests of Passaic Ventures (owns Newark facility).
Passaic Ventures interests transferred for nominal $100; overall consideration reflects broader commercial arrangement.
Counterparty Lakeshore Ventures is affiliated with Chairman Matthew T. Moroun and director Matthew J. Moroun.
Disinterested board members, including Audit Committee, reviewed and approved the transaction.
Both agreements executed and closed on June 24, 2026.

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