Shipping M&A » By The Online Investor Staff, updated Tue., Mar. 19, 5:14 AM Recent mergers and acquisitions in the Shipping M&A category.
This Slide: #4 of 13 |
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 transportation and logistics solutions 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 business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment, and other goods that are generally larger than shipments handled by integrated carriers of small parcels. Co. also provides other logistics services including materials management and distribution services, customs house brokerage services and global trade management services.
Preferred: RLGT.PRA
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Strong Buy (4.00 out of 4) 81st percentile
(ranked higher than approx. 81% of all stocks covered)
Analysts' Target Price: RLGT Stock Forecast Based on Zacks ABR data; powered by Xignite |