CSX Corporation (NasdaqGS:CSX) signed a definitive agreement to acquire Quality Carriers Inc. from Quality Distribution Inc. on May 12, 2021. Quality Carriers? management team, led by President Randy Strutz, will continue to lead the business as part of CSX. The transaction is expected to close in the third quarter of 2021, subject to regulatory review and certain customary closing conditions. Goldman Sachs & Co. LLC is acting as financial advisor and George R. Bason, Harold Birnbaum, Patrick E. Sigmon, Pritesh P. Shah, Betty Moy Huber and Brian D. Hirsch of Davis Polk & Wardwell LLP are acting as legal advisors to CSX in connection with the transaction. JPMorgan Chase & Co. and Morgan Stanley & Co. LLC acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Quality Distribution Inc. and Apax Partners LLP. CSX Corporation (NasdaqGS:CSX) completed the acquisition of Quality Carriers Inc. from Quality Distribution Inc. for approximately $550 million on July 1, 2021. The consideration is paid in cash, subject to certain customary purchase price adjustments. Under the terms of agreement, consideration paid is along with net of cash acquired of $3 million. The transaction has been funded from cash on hand.