Quality Distribution (QLTY) Acquires Trojan Vacuum Services in $9.7M Deal
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Quality Distribution, Inc. (Nasdaq: QLTY) reports its wholly-owned subsidiary, Quality Carriers, Inc., has purchased the operating assets of Trojan Vacuum Services from Wiley Lease Co., Ltd. for $8.7 million in cash. An additional $1.0 million in cash consideration may be payable to the Seller in connection with the acquisition, contingent upon Trojan meeting certain future financial performance criteria.
For its most recent fiscal year ended December 31, 2011, Trojan had revenues of approximately $13.5 million. Quality expects the acquisition to be accretive to earnings beginning in the second quarter of 2012.
For its most recent fiscal year ended December 31, 2011, Trojan had revenues of approximately $13.5 million. Quality expects the acquisition to be accretive to earnings beginning in the second quarter of 2012.
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