Air Services Other M&A » By The Online Investor Staff, updated Wed., Jun. 29, 9:28 AM
Recent mergers and acquisitions in the Air Services Other M&A category.
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Slide #2. Roadrunner Transportation Systems — Unitrans International
Acquirer:
Roadrunner Transportation Systems (RRTS)
Acquiree:
Unitrans International
Details:
Roadrunner Transportation Systems, Inc. (NYSE:RRTS) announced today that it has acquired all of the outstanding stock of Unitrans International Corporation, a leading high-quality, non-asset based provider of international logistics solutions based in Los Angeles, California. The total purchase price of $55.5 million was financed by borrowings under Roadrunner's credit facility. Unitrans offers its customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments.
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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