FORT SMITH, Ark. — ArcBest Corp. of Fort Smith (Nasdaq: ARCB) said Tuesday that it has sold its FleetNet America subsidiary to Cox Automotive Mobility Solutions Inc., a division of Cox Enterprises Inc. of Atlanta, in a $100 million cash deal.
The publicly traded logistics company said the deal closed Tuesday.
FleetNet is a fleet maintenance and repair services provider. On Feb. 3, ArcBest reported annual revenue of $5.3 billion, of which $343.1 million was generated by FleetNet.
To read more about the deal, visit our content partners at Arkansas Business here.
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