UNIVERSAL LOGISTICS HOLDINGS, INC. 8-K

What Happened
Universal Logistics Holdings, Inc. (via subsidiary UTSI Finance, Inc.) announced on Form 8-K (filed June 26, 2026) that on June 24, 2026 it completed two related transactions with Lakeshore Ventures LLC. UTSI sold a real estate facility in Kearny, New Jersey under a Real Estate Purchase Agreement and received $38.0 million in cash (subject to adjustments). In the same set of transactions, Lakeshore transferred all outstanding membership interests in Passaic Ventures LLC (which owns a Newark, New Jersey facility) to UTSI under a Membership Interest Purchase Agreement.

Key Details

• Transaction date: June 24, 2026; 8-K filed June 26, 2026.
• Cash consideration paid to UTSI for the Kearny property: $38.0 million (subject to contractual adjustments, prorations and credits).
• UTSI received all membership interests in Passaic Ventures LLC (owner of a Newark, NJ facility) in exchange.
• Counterparty, Lakeshore Ventures LLC, is affiliated with Chairman Matthew T. Moroun and Director Matthew J. Moroun; the transactions were reviewed and approved by the disinterested members of the Company’s Board, including the Audit Committee.

Why It Matters
This is a material real estate swap/transaction that converts the company’s Kearny property into cash while bringing ownership of a Newark property onto the company’s balance sheet via Passaic Ventures. Investors should note (1) a significant near-term cash inflow ($38.0M before adjustments), (2) a change in the company’s real estate portfolio, and (3) that the counterparty is affiliated with senior company insiders — though the board’s disinterested members approved the deals. The filing does not disclose expected earnings impact, valuations for the Newark asset, or details on how proceeds will be used.