Transportation M&A » By The Online Investor Staff, updated Fri., Apr. 16, 3:43 PM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #69. Roadrunner Transportation Systems, Inc. — Central Cal Transportation
Acquirer:
Roadrunner Transportation Systems, Inc. (RRTS)
Acquiree:
Central Cal Transportation
Details:
Roadrunner Transportation Systems, Inc announced that it has acquired all of the outstanding stock of Central Cal Transportation ("Central Cal"), a provider of intermodal transportation and related services from the Northern California region. Central Cal transports primarily nuts, wine and retail import products. The purchase price was approximately $4 million plus an earnout. The acquisition was financed with borrowings under Roadrunner's credit facility.
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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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
