|This Slide: #16 of 23|
Slide #16. Roadrunner Transportation Systems, Inc. — A&A Express
Roadrunner Transportation Systems, Inc. (RRTS)
Roadrunner Transportation Systems, Inc., announced today that it has acquired all of the outstanding stock of A&A Express ("A&A"), a provider of truckload services based in Brandon, South Dakota, for a total enterprise value of approximately $24.0 million, plus an earn-out capped at $2.5 million. A&A transports primarily refrigerated product throughout the United States utilizing a combination of independent contractors and employee drivers. 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.
Open the RRTS Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite