Roadrunner Transportation Acquires Integrated Services
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has announced that it has acquired Integrated Services, ISI Logistics and ISI Logistics South, a regional logistics provider based in Kokomo, Indiana.
The total purchase price was $13 million, and was financed with borrowings under Roadrunner’s credit facility.
Pat McKay, president of Roadrunner said, “In addition to adding capability to service customers in the Midwest, ISI brings a strong reputation for quality.”
In 2013, Integrated Services generated revenues of approximately $21 million. Integrated Services is expected to be accretive to Roadrunner’s earnings in 2014.
Category: General Update, Management
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