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Stock Market & Financial Investment News

News Breaks
March 14, 2014
15:41 EDTRRTSRoadrunner acquires Unitrans International for $55.5M
Roadrunner Transportation Systems announced that it has acquired all of the outstanding stock of Unitrans International, a leading high-quality, non-asset based provider of international logistics solutions based in Los Angeles, California. The total purchase price of $55.5M 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. In 2013, Unitrans generated revenues of approximately $84M. Unitrans is expected to be accretive to Roadrunner’s earnings in 2014.
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