Initial Public Offering
Baird served as the co-manager of this offering.
AboutSwift Transportation Company (NYSE: SWFT) (“Swift” or the “Company”), a multi-faceted transportation services company and the largest truckload carrier in North America, recently announced the pricing of its initial public offering of 73,300,000 shares of Class A common stock at a price of $11.00 per share. The Company intends to use the net proceeds from the offering for repayment of outstanding indebtedness. Swift has granted the underwriters a 30-day option to purchase up to an additional 10,995,000 shares of Class A Common Stock to cover over-allotments.
Swift is based in Phoenix, Arizona. As of September 30, 2010, Swift operated a tractor fleet of approximately 16,200 units comprised of 12,300 tractors driven by company drivers and 3,900 owner-operator tractors, a fleet of 48,600 trailers, and 4,500 intermodal containers from 35 major terminals positioned near major freight centers and traffic lanes in the United States and Mexico. The Company offers customers the opportunity for "one-stop shopping" for their truckload transportation needs through a broad spectrum of services and equipment. Swift's extensive suite of services includes general, dedicated, and cross-border U.S./Mexico truckload services through dry van, temperature-controlled, flatbed, and specialized trailers, in addition to rail intermodal and non-asset based freight brokerage and logistics management services, making it an attractive choice for a broad array of customers.
The Baird team included our dedicated industry bankers and members of our Equity Capital Markets group.
For additional information about this transaction, please contact:
- December 2010
- Swift Transportation Company
- Technology & Services
- Target Location
- North America
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