Radiant Logistics Acquires Trans-NET, Inc.

Radiant Logistics, Inc. (NYSE MKT: RLGT), a domestic and international logistics services company, has acquired Trans-NET, Inc., an Issaquah, Washington-based, privately held company with extensive experience in providing integrated project logistics solutions in key Russian oil, gas, mining and infrastructure development markets.

The transaction was structured as a purchase of assets and includes an option to purchase the assets of Trans-NET’s Russian affiliate, Trans-NET International Logistics, LLC (“TNIL”) with operations in Sakhalin Island, Vladivostok and Moscow.

TNIL will operate as an exclusive agent for Radiant pending the acquisition of the TNIL assets which is expected to be completed in the next 90-120 days.

Founded in 1994, Trans-NET provides comprehensive door-to-door and customized project logistics solutions to an account base that includes customers in the oil and gas, mining, forestry, fishing and project services industries in the difficult operating environments of the Russian Far East.

Trans-Net’s founder, Peter Moe, Sr. brings over 25 years of experience in logistics services and in the Far East markets having spent much of his career with Sea-land Service and Inchape PLC in the Asian and Russian markets.

On a post-closing basis, Radiant will combine Trans-NET’s U.S. operations with its existing Company owned operations in the Seattle metro area and operate the newly combined group under the Radiant brand from the Issaquah location.

Category: General Update