---
schema_version: "secwatch.filing_event.v1"
accession: "0001492691-21-000050"
form_type: "8-K"
ticker: "KNX"
cik: "0001492691"
company_name: "Knight-Swift Transportation Holdings Inc."
filed_at: "2021-07-06T23:59:59+00:00"
generated_at: "2026-06-30T07:14:34.334228+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Knight-Swift acquires AAA Cooper for $1.35B enterprise value; funds with $1.2B term loan

## Summary
- Enterprise value of $1.35B: $1.3B cash, $10M in KNX shares, and ~$40M assumed debt net of cash.
- Acquisition of 100% of AAA Cooper (less-than-truckload carrier) closed July 5, 2021; expected immediately accretive to adjusted EPS.
- Entered $1.2B unsecured term loan (2021 Term Loan) due Oct 2022, fully funded; interest rate BSBY + 1.000%.
- Reid Dove, AAA Cooper CEO, appointed to Knight-Swift Board as Class II director, term expiring at 2022 annual meeting.
- AAA Cooper will operate independently under its brand, headquartered in Dothan, Alabama.

## SEC filing metadata
- accession: 0001492691-21-000050
- form_type: 8-K
- ticker: KNX
- cik: 0001492691
- company_name: Knight-Swift Transportation Holdings Inc.
- filed_at: 2021-07-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1492691/000149269121000050/0001492691-21-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1492691/000149269121000050/knx-20210705.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001492691-21-000050
- JSON: https://secwatch.observer/filing/0001492691-21-000050.json
- Plain text: https://secwatch.observer/filing/0001492691-21-000050.txt

## Key facts
- Executive change
  Reid B. Dove was appointed as Director at Knight-Swift Transportation Holdings Inc..
  - Action: appointed
  - Role: Director
  source text: On July 5, 2021, in connection with the Acquisition, Reid B. Dove was appointed to Knight-Swift’s Board of Directors (the "Board") as a Class II director with a term expiring at Knight-Swift’s 2022 Annual Meeting of Stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1492691/000149269121000050/0001492691-21-000050-index.htm

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