Air Services Other M&A » By The Online Investor Staff, updated Wed., Apr. 24, 9:59 PM
Recent mergers and acquisitions in the Air Services Other M&A category.
| This Slide: #23 of 23 |
Slide #23. Roadrunner Transportation Systems, Inc. — Expedited Freight Systems, Inc.
Acquirer:
Roadrunner Transportation Systems, Inc. (RRTS)
Acquiree:
Expedited Freight Systems, Inc.
Details:
Roadrunner Transportation Systems, Inc. announced that it has acquired all of the outstanding stock of Expedited Freight Systems, Inc., a Midwest regional overnight less-than-truckload (LTL) provider based in Kenosha, Wis. for approximately $10 million plus an earnout over four years. EFS has 12 terminal locations throughout the upper Midwest, which enables it to provide customized, overnight service to its customers.
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 »
|
||||||
Open the RRTS Page at The Online Investor (in a new window) »
 Free RRTS Email Alerts:
Get SEC Filing Alerts Get Dividend Alerts 
|
Avg. Broker Rec.
|
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
