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Slide #62. Radiant Logistics — International Freight Systems
Radiant Logistics (AMEX:RLGT)
International Freight Systems
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 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.
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Strong Buy (4.00 out of 4)