Business Context and Reporting Period
Universal Logistics Holdings, Inc. (ULH) filed a Form 8-K Current Report on June 24, 2026. The filing details a material definitive agreement entered into by UTSI Finance, Inc., a subsidiary of the Company, involving the sale of a real estate facility and the acquisition of membership interests in another entity.
Key Financial Metrics
This filing does not report standard periodic financial metrics such as revenue, profit, cash flow, margins, or debt levels. The primary financial data point disclosed is the consideration received for a specific asset sale.
- Cash Consideration Received: $38.0 million (subject to adjustments, prorations, and credits) for the sale of a facility in Kearny, New Jersey.
- Asset Acquired: 100% of membership interests in Passaic Ventures LLC, which owns a facility in Newark, New Jersey.
Material Changes
The Company executed a swap of real estate assets with Lakeshore Ventures LLC. UTSI sold its Kearny, New Jersey facility and, in exchange, received cash and the ownership of Passaic Ventures LLC (Newark, New Jersey facility). This transaction represents a material change in the Company's real estate portfolio.
Guidance, Outlook, and Related Party Matters
The filing does not provide updated financial guidance, outlook, or management commentary on future operations. However, it discloses a significant related party transaction:
- Related Party: Lakeshore Ventures LLC is affiliated with Matthew T. Moroun (Chairman of the Company) and Matthew J. Moroun (Director of the Company).
- Approval: The transaction was reviewed and approved by the disinterested members of the Board of Directors, including all members of the Audit Committee.
Investor Verification Checklist
- Verify the final adjusted cash consideration after prorations and credits against the initial $38.0 million figure.
- Review the full text of the Real Estate Purchase Agreement (Exhibit 10.1) and Membership Interest Purchase Agreement (Exhibit 10.2) for specific terms and conditions.
- Confirm the valuation and condition of the Newark, New Jersey facility acquired through Passaic Ventures LLC.
- Assess the impact of this asset swap on the Company's future real estate strategy and liquidity position.