Air Services Other M&A » By The Online Investor Staff, updated Wed., Apr. 14, 3:42 PM
Recent mergers and acquisitions in the Air Services Other M&A category.
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Slide #8. Roadrunner Transportation Systems, Inc. — G.W. Palmer Logistics, LLC
Acquirer:
Roadrunner Transportation Systems, Inc. (RRTS)
Acquiree:
G.W. Palmer Logistics, LLC
Details:
Roadrunner Transportation Systems, Inc. (NYSE:RRTS) announced today that it has acquired all of the outstanding equity of G.W. Palmer Logistics, LLC ("G.W. Palmer"), a non-asset truckload service provider based in Batesville, Arkansas. The purchase price was approximately $2.5 million, plus an earn-out capped at $2.8 million. 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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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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