Roadrunner Transportation Completes Acquisition of Unitrans International
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has announced that it has acquired all of the outstanding stock of Unitrans International Corporation, a leading, non-asset based provider of international logistics solutions based in Los Angeles.
The total purchase price of $55.5 million was financed by borrowings under Roadrunner’s credit facility.
Unitrans offers its customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments.
Mark DiBlasi, President and CEO of Roadrunner, said, “The addition of Unitrans diversifies and expands our existing global supply chain solution and brings a well-run company with a proven track record of high service quality to Roadrunner.
In 2013, Unitrans generated revenues of approximately $84 million.
More at: www.rrts.com.
Category: General Update
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