Roadrunner Transportation Systems Acquires YES Trans

Roadrunner Transportation Systems, Inc. (NYSE: RRTS) announced that it has acquired substantially all of the assets of YES Trans, Inc. (“YES”), a refrigerated truckload service provider based in Salisbury, Massachusetts.

YES primarily transports meat and produce between the Northeast and the Midwest and Southeast. The purchase price was approximately $1.2 million, net of cash acquired, plus an earn-out capped at $1.1 million. The acquisition was financed with Roadrunner’s cash on hand.

Brian Van Helden, President of Roadrunner’s Truckload Logistics division, said, “The YES acquisition enhances our refrigerated truckload service offering in the Northeast due to its concentration in temperature controlled products. We will incorporate the YES operations into our existing Massachusetts refrigerated location and are excited about the growth opportunities we collectively envision. We look forward to supporting and expanding YES’ strong customer relationships and service record as we continue to grow the business.”

During calendar year 2012, YES generated approximately $5 million in revenues. YES is expected to be accretive to Roadrunner’s earnings in the near term.

About Roadrunner Transportation Systems, Inc.

Roadrunner is a leading asset-light transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload (“LTL”), truckload logistics (“TL”), transportation management solutions (“TMS”), intermodal solutions, freight consolidation, inventory management, expedited services, international freight forwarding, customs brokerage, and comprehensive global supply chain solutions. More info at: Roadrunner.

Category: General Update