Shipping M&A » By The Online Investor Staff, updated Sun., Sep. 26, 8:59 PM
Recent mergers and acquisitions in the Shipping M&A category.
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Slide #4. Radiant Logistics — On Time Express, Inc.
Acquirer:
Radiant Logistics (AMEX:RLGT)
Acquiree:
On Time Express, Inc.
Details:
Radiant Logistics, Inc. (NYSE MKT: RLGT), a domestic and international logistics services company (the "Company"), today announced that it has acquired On Time Express, Inc. ("OTE"), a Phoenix, Arizona-based, privately held company with an extensive, dedicated line haul network that it leverages in delivering customized time critical domestic and international logistics solutions to an account base that includes customers in the aviation, aerospace, plastic injection molding, medical device, furniture and automotive industries.
Radiant Logistics operates as a third-party logistics company, providing multi-modal transportation and logistics services. Through its operating locations across North America, Co. provides domestic and 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 supply chain services, including order fulfillment, inventory management, warehouse and distribution services, and customs brokerage services.
Preferred: RLGT.PRA
Open the RLGT Page at The Online Investor »
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 77th percentile
(ranked higher than approx. 77% of all stocks covered)
Analysts' Target Price: RLGT Stock Forecast Based on Zacks ABR data; powered by Xignite |
