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is open due to the retirement of Panther reported about $215 mil-
long-time Congressman Mike Ross, lion in revenue and $24 million of
a Democrat. The Democratic candi- adjusted earnings before interest, taxes,
date, Arkansas State Senator Gene depreciation and amortization in 2011.
Jeffress, will face Republican Tom “Panther Expedited Services is an
Cotton, who has already raised more excellent strategic fit for our company
than $1 million, mostly from out-of- and our customers as we seek to offer
state sources. end-to-end logistics solutions for pro-
Observers point to Cotton’s gressively more complex supply chains,”
huge lead in fundraising over said Judy McReynolds, Arkansas Best
Jeffress, as well as Jeffress not even president and chief executive officer.
having a campaign staff onboard Arkansas Best said the acquisition
as reasons why Cotton is the likely is expected to expand its customer base
winner. and cross-selling opportunities with the
If elected, this will be the first addition of more than 11,000 Panther
time in history Arkansas will have customers in attractive end markets.
an all Republican congressional del- The current Panther management team
four districts are currently held by egation. is expected to remain in place.
Republicans – Congressmen Steve Panther was owned by Fenway
Womack, Tim Griffin and Rick arkaNSaS bEST acqUIrES Consulting Partners, a private equity
Crawford. Womack and Griffin face paNTHEr ExpEdITEd for $180m firm, having acquired the company
underfunded candidates while Crawford Arkansas Best Corp., parent in 2005. And a member of Panther’s
is thought to have a wide lead in recent company of ABF Freight System, has board, said that
poll over Steve Ellington, a prosecuting acquired Panther Expedited Services, a
attorney in West Memphis. transportation and logistics provider,
th
The 4 Congressional District seat for $180 million.
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