LOS ANGELES, August 6, 2024 – Proskauer, a leading international law firm, today announced it advised Dependable Highway Express (“Dependable”) on the sale of its less-than-truckload (“LTL”) division to Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (“Knight-Swift”). Financial terms were not disclosed.

Prior to the sale, Dependable’s LTL division operated within the broader integrated services of Dependable Supply Chain Services, an affiliated group of asset-based third-party logistics providers founded over 70 years ago by the Massman Family. The LTL division serves customers throughout the Southwest, including California, Arizona and Nevada. Dependable will continue to operate its full truckload, warehousing and distribution, harbor drayage and third-party logistics businesses under its existing Dependable Supply Chain Services branding.

Knight-Swift is one of North America's largest and most diversified freight transportation companies, providing multiple truckload transportation, less-than-truckload, logistics, and business services to the shipping and transportation sectors. 

The Proskauer team advising Dependable was led by partners Ben Orlanski (M&A) and Mitchell Gaswirth (Tax). It also included associates Kelly Meric, Nathaniel Liebes and Courtney Kim (M&A); partner John Ingrassia (Antitrust); partner Robert Shmalo and associate Michael Abramson (Real Estate); partner Colleen Hart and senior counsel Katrine Magas and associate Heather Monte (Employee Benefits); partner Muhyung (Aaron) Lee and associate Thomas Multari (Tax); partner Aliza Cinamon (Environmental); and associate Adam Nowicki (Finance). Partner Matthew O’Loughlin (M&A) also provided assistance.

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