Shipping M&A » By The Online Investor Staff, updated Sun., Jul. 3, 5:37 PM
Recent mergers and acquisitions in the Shipping M&A category.
| This Slide: #11 of 13 |
Slide #11. Radiant Logistics, Inc. — Marvir Logistics
Acquirer:
Radiant Logistics, Inc. (AMEX:RLGT)
Acquiree:
Marvir Logistics
Details:
Radiant Logistics, Inc. a domestic and international logistics services company, today announced it has completed the acquisition of the assets of its operating partner Marvir Logistics, a privately held company based in Los Angeles that has operated under the Company's Airgroup brand since 2006. The Company structured the transaction similar to its previous acquisitions with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operation.
Radiant Logistics operates as a third-party logistics company, providing multi-modal transportation and logistics services primarily in the U.S. and Canada. Through its operating locations across North America, Co. provides domestic, international air and ocean freight forwarding services and freight brokerage services. Co.'s primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment, and other goods that are larger than shipments handled by integrated carriers of primarily small parcels. Co. also provides other logistics services including materials management and distribution services, and customs house brokerage services.
Preferred: RLGT.PRA
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 74th percentile
(ranked higher than approx. 74% of all stocks covered)
Analysts' Target Price: RLGT Stock Forecast Based on Zacks ABR data; powered by Xignite |
