Shipping M&A » By The Online Investor Staff, updated Tue., Apr. 16, 10:22 AM
Recent mergers and acquisitions in the Shipping M&A category.
| This Slide: #7 of 13 |
Slide #7. Radiant Logistics — International Freight Systems
Acquirer:
Radiant Logistics (AMEX:RLGT)
Acquiree:
International Freight Systems
Details:
Radiant Logistics, Inc, a domestic and international logistics services company, today announced it has acquired operating partner International Freight Systems (IFS) of Oregon, a privately-held company based in Portland, Oregon, that has operated its airfreight division under the Company's Airgroup brand since January of 2007. 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 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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Avg. Broker Rec.
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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 |
