A handful of private equity firms, including Clearlake Capital, Platinum Equity, EQT, Apollo Global Management, and AIP, have submitted bids to acquire Forward Air Corporation, according to sources familiar with the matter on July 23, 2025. This development indicates a competitive sales process is actively unfolding.
Forward Air has signaled to investors its desire to conclude the strategic alternatives review, which was announced in January, within a few weeks, potentially coinciding with the company's earnings release on August 11. The submission of multiple bids suggests strong interest in the company's assets and market position.
The involvement of several major private equity players underscores the potential for a value-maximizing transaction for Forward Air shareholders. This stage of the process moves the company closer to a definitive outcome regarding its strategic future.
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