Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as a co-manager on this offering

About

Schneider National, Inc. (“Schneider” or the “Company”) (NYSE: SNDR), recently completed an initial public offering of 28,947,000 Class B common shares at a price of $19.00 per share, generating gross proceeds of approximately $550.0 million. The Company intends to use approximately $150 million of the net proceeds from this offering to repay indebtedness and use the remaining for general corporate purposes, including capital expenditures and potential acquisitions.

Schneider is a leading transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions and operating one of the largest for-hire trucking fleets in North America. The Company has developed a differentiated business model that is difficult to replicate due to its scale, breadth of complementary service offerings and proprietary technology platform. Schneider’s highly flexible and balanced business combines asset-based truckload services with asset-light intermodal and non-asset logistics offerings, enabling the Company to serve its customers’ diverse transportation needs. Schneider was founded in 1935 and has become an iconic and trusted brand within the transportation industry. Schneider is headquartered in Green Bay, Wisconsin.
CONTACT US TO LEARN MORE
Technology & Services
Initial Public Offering
Date
April 2017
Company
Schneider National, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

Share