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Slide #46. Roadrunner Transportation Systems, Inc. — Marisol International
Roadrunner Transportation Systems, Inc. (NYSE:RRTS)
Roadrunner Transportation Systems, Inc. (NYSE:RRTS), announced today that it has acquired all of the outstanding membership interests of Marisol International LLC ("Marisol"), a leading non-asset based, supply chain-critical, provider of international logistics solutions based in Springfield, Missouri, for a total purchase price of $66 million, plus an earn-out capped at $2.5 million. Marisol's service offering includes international ocean and air transportation management, customs house brokerage capabilities, and domestic logistics solutions for a diversified customer base ranging from Fortune 500 companies to small and mid-market enterprises. Marisol's customizable and comprehensive service offering, superior service levels, flexible proprietary technology, and highly-trained workforce have contributed to outstanding growth and operational performance since its inception in 2002, to revenues of $95 million and net revenues of $20 million for the year ended December 31, 2012.
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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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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