Roadrunner Transportation Acquires Stagecoach Cartage and Distribution

Roadrunner Transportation Systems, Inc. (NYSE: RRTS), announced that it has acquired Stagecoach Cartage and Distribution, a provider of truckload and logistics services based in El Paso, Texas, for a total purchase price of $35 million, plus an earn-out capped at $5 million.

Stagecoach provides regional, intermodal, and over-the-road truckload services throughout the southwestern United States and Mexico. Stagecoach also provides warehousing and transloading solutions to customers through its network of strategically located facilities in south-central and west Texas.

Mark DiBlasi, President and CEO of Roadrunner, said, “Stagecoach’s strong presence within the El Paso and Laredo markets, coupled with the company’s Mexican Operating Authority, provides us with immediately realizable growth opportunities created by the accelerating demand within the region.”

Stagecoach generated revenues of approximately $34 million during the 12 months ended June 30, 2015, with EBITDA in excess of $7 million.

Category: General Update