Air Services Other M&A » By The Online Investor Staff, updated Sun., Jul. 3, 5:05 PM
Recent mergers and acquisitions in the Air Services Other M&A category.
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Slide #11. Roadrunner Transportation Systems, Inc. — Adrian Carriers
Acquirer:
Roadrunner Transportation Systems, Inc. (RRTS)
Acquiree:
Adrian Carriers
Details:
Roadrunner Transportation Systems, Inc. (NYSE:RRTS), announced today that it has acquired all of the outstanding stock of Adrian Carriers ("Adrian"), a logistics service provider offering container management and intermodal solutions based in Milan, Illinois, for a total purchase price of approximately $14.2 million, plus an earn-out capped at $6.5 million. Adrian manages the transportation of containerized import and export freight throughout the United States, and is at the forefront of technical development of container management systems and software. The acquisition was financed with borrowings under Roadrunner's credit facility.
Roadrunner Transportation Systems is an asset-right transportation and asset-light logistics service provider providing a suite of solutions under the Roadrunner, Active On-Demand and Ascent Global Logistics brands. Co. has three segments: Truckload and Express Services, which provides air and ground expedite services, scheduled truckload services, intermodal services, temperature-controlled truckload services, and other truckload and logistics services; Less-than-Truckload (LTL), which involves the pickup, consolidation, linehaul, deconsolidation, and delivery of LTL shipments; and Ascent Global Logistics, which provides domestic freight management solutions.
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