Forward Air’s Combination with Omni Logistics

On August 10, 2023, Forward Air Corporation (“Forward”), a provider of transportation services, and Omni Logistics, LLC (“Omni”), a private logistics and supply chain management company that is majority owned by Ridgemont Equity Partners and EVE Partners, LLC, announced that they have entered into a definitive agreement under which Forward and Omni will combine in a cash-and-stock transaction, creating a combined company that generated approximately $3.7 billion of combined company adjusted revenue for the twelve months ended June 30, 2023. Cravath is representing Forward in connection with the transaction.

The Cravath team is led by partners Thomas E. Dunn and Matthew L. Ploszek and includes associates Adam M. Sanchez, Christina M. Drakeford, Callum A.F. Sproule, and Benjamin B. Deutsch on M&A matters; partners Joseph D. Zavaglia and Kelly M. Smercina and associates Ori Oren and Elise Zhou on financing matters; partner Christopher K. Fargo and associate Carlos Nicholas Obando on tax matters; partner Amanda Hines Gold and practice area attorney David Crampton on executive compensation and benefits matters; partner Sasha Rosenthal-Larrea and associates Carys J. Webb, Ryan J. Wichtowski and Joanne Dynak on intellectual property matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; of counsel Jesse M. Weiss and foreign associate attorney Jokin Beltran de Lubiano on regulatory matters; and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters. Lyudmila D. Kirichenko also worked on M&A matters and Tristan Baylor also worked on tax matters.