secwatch.observer — SEC 8-K summary
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Issuer:     Schneider National, Inc. (SNDR)
CIK:        0001692063
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001692063-24-000144
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Schneider National completes $390M acquisition of Cowan Systems, dedicated contract carrier
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- Closed acquisition of Cowan Systems for ~$390M cash on Dec 2, 2024; financed via cash and new $400M delayed draw term loan.
- Cowan operates ~1,800 trucks and 7,500 trailers across 40+ locations in Eastern and Mid-Atlantic US.
- Deal includes complementary brokerage, drayage, and warehousing; real estate closure expected in Q4 2024.
- Acquisition expected to be accretive to Schneider's EPS within first year, before synergies.
- Cowan Systems' results to be reported in Schneider's Truckload and Logistics segments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692063/000169206324000144/0001692063-24-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692063/000169206324000144/sndr-20241202.htm
  HTML page:      https://secwatch.observer/filing/0001692063-24-000144

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