Latest news with #Greeneville
Reuters
23-07-2025
- Business
- Reuters
Private equity firms including Clearlake have bid for Forward Air, sources say
NEW YORK, July 23 (Reuters) - A handful of private equity firms, including Clearlake Capital, Platinum Equity and EQT, have submitted bids to buy Forward Air (FWRD.O), opens new tab, three sources familiar with the matter said, as the process to sell the U.S. trucker picks up speed. Forward Air, which specializes in moving hauls which do not take up a full truckload, signaled to investors it wants the strategic alternatives review it announced in January to be wrapped up in a few weeks, possibly around the time the company is expected to release earnings on August 11. Sources said buyout firms Apollo Global Management (APO.N), opens new tab and AIP have also made bids to buy Forward Air. It could not be immediately learned what the bidders were offering to pay, the sources said. Representatives for Forward Air and AIP declined to comment. Clearlake, Apollo, Platinum and EQT did not immediately respond to requests for comment. The sources spoke on the condition of anonymity to discuss the private talks, and cautioned no deal is guaranteed and other bidders could still emerge. In June, Reuters reported that Apollo and Blackstone (BX.N), opens new tab, as well as Platinum and Clearlake, had expressed interest in bidding for the company, signing confidentiality agreements in order to review documents that would help inform their decisions. Greeneville, Tennessee-based Forward Air's share price has tumbled roughly 75% since the company said two years ago it would acquire Omni Logistics, a deal that closed in early 2024. But it has jumped 27% over the last month, pushed by expectations the company will eventually be sold. It traded at $28.14 on Wednesday. The company is currently valued at $855 million, but on a fully diluted basis, including net debt, analysts said the company's enterprise value is closer to $3 billion. Frustrated by the unpopular acquisition, several investors last year began pushing for a sale of the company, which was officially announced in January. Ancora Holdings, which owns 4% of the company, in May sought to speed up the process by pushing for the removal of three long-serving directors it blamed for signing off on the Omni deal and stalling the sales process. The directors resigned soon after the company's annual meeting.
Yahoo
14-07-2025
- Sport
- Yahoo
Tennessee football receives commitment from in-state wide receiver prospect
Tennessee has received another commitment for its 2026 football recruiting class. Wide receiver Zaydyn Anderson committed to the Vols over Cincinnati and Toledo. The 5-foot-11, 165-pound prospect is an in-state three-star from Greeneville High School in Greeneville, Tennessee. 247Sports ranks Anderson as the No. 31 athlete in the class and the No. 11 player in Tennessee. Advertisement Tennessee offered him a scholarship after unofficially visiting on March 31. The 2026 prospect unofficially visited the Vols on May 24 before his official visit on June 20. With Anderson's decision, Tennessee now has 12 commitments in its 2026 recruiting class. The other 11 commitments include quarterback Faizon Brandon, wide receiver Tyreek King, tight end Carson Sneed, offensive lineman Gabriel Osenda, linebacker Braylon Outlaw, defensive lineman CJ Edwards, defensive lineman Zach Groves, safety KJ McClain, safety Luke Thompson, defensive end Kedric Golston II and offensive lineman Edward Baker. Linebacker JP Peace is Tennessee's first 2027 football commitment. Follow Vols Wire on Facebook and X (formerly Twitter). This article originally appeared on Vols Wire: In-state wide receiver prospect commits to Vols
Yahoo
08-07-2025
- Sport
- Yahoo
WATCH: Greeneville hosts Elizabethton
GREENEVILLE, Tenn. (WJHL) — The Cyclones will take on the Greene Devils on Oct. 30. Greeneville will host rival Elizabethton on the gridiron. The game starts at 7 p.m. You can watch the game live on and the free WJHL+ streaming app for smart TVs. Advertisement Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WJHL | Tri-Cities News & Weather.
Yahoo
06-07-2025
- Sport
- Yahoo
Iowa basketball lands Trey Thompson, will reclassify to 2025 class
With Iowa basketball in its first offseason under new head coach Ben McCollum, the Hawkeyes received a significant impact to the team's immediate future on Saturday afternoon as 2026 four-star power forward recruit Trey Thompson announced his commitment to the Hawkeyes. The towering 6-foot-8, 220-pound native of Greeneville, Tenn., is listed as the No. 2 prospect in the state, No. 9 power forward, and No. 59 overall recruit in the 2026 recruiting class according to 247Sports. Advertisement Adding to the excitement, Thompson will also be reclassifying to the 2025 class, making him eligible for the 2025-26 campaign. In his three seasons on the varsity squad at Greeneville High School, Thompson has averaged 21.8 points, 9.6 rebounds, 1.8 assists, 1.2 steals and 1.2 blocks per game on 56% shooting from the field, 45% from 3-point territory, and 81% from the free-throw line, per his MaxPreps profile. Thompson chose Iowa over a list of other premier college basketball programs, which included Tennessee, Purdue, Vanderbilt, and Clemson. The commitment is a major step in the right direction for the program, as recruits are now viewing the Hawkeyes' program as a much more desirable destination under the new leadership and infusion of talent to the roster. Advertisement Here's a look at some of Thompson's recent highlights with the Tennessee Impact in the 2025 Adidas 3SSB: Contact/Follow us @HawkeyesWire on X and like our page on Facebook to follow ongoing coverage of Iowa news, notes, and opinions. Follow Scout on X: @SpringgateNews This article originally appeared on Hawkeyes Wire: Iowa basketball lands Trey Thompson, will reclassify to 2025 class
Yahoo
06-07-2025
- Sport
- Yahoo
Trey Thompson comments on Iowa basketball commitment, reclassifying
In a massive recruiting win for Iowa basketball on Saturday, four-star forward Trey Thompson announced his commitment to the Hawkeyes. The 6-foot-8, 220-pound forward out of Greeneville, Tenn., chose the Hawkeyes over offers from some powerhouse programs, including Tennessee, Purdue, Kansas, Clemson and Vanderbilt. Advertisement Initially a 2026 recruit, Thompson announced he is reclassifying and will join the Hawkeyes this coming season. "To start, I want to take the time to thank God for always walking by my side and leading me down the right paths. I would also like to thank my family, friends, and coaches for always supporting me through my basketball endeavors. Extremely thankful for my parents for sacrificing so much for me to follow my dreams and passions. "With that being said, I have decided to re-classify up to the 2025 class and commit to the University of Iowa. Go Hawkeyes," Thompson wrote in his social media announcement. Thompson has averaged 21.8 points, 9.6 rebounds, 1.8 assists, 1.2 steals and 1.2 blocks per game on 56% shooting from the field, 45% from 3-point territory, and 81% from the free-throw line in his three varsity seasons from Greeneville High School, per his MaxPreps profile. Advertisement Contact/Follow us @HawkeyesWire on X and like our page on Facebook to follow ongoing coverage of Iowa news, notes and opinions. Follow Scout on X: @SpringgateNews This article originally appeared on Hawkeyes Wire: Trey Thompson comments on Iowa basketball commitment, reclassifying
