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July 2, 2014
10:36 EDTRRTSRoadrunner completes reorganization of management team
Roadrunner Transportation Systems announced the appointment of a president for each of its three business segments. Grant Crawford joins Roadrunner as President of the company’s Less-than-Truckload segment, Patrick McKay has been promoted to President of Truckload Logistics and Kevin Charlebois has been promoted to President of Transportation Management Solutions. The three new segment presidents will report to Brian van Helden, COO. These appointments complete the reorganization of Roadrunner’s executive management team, a transition that began in January 2014 with the promotion of van Helden to COO. With the promotion of McKay and Charlebois, the addition of Crawford, and the previously announced appointment of Mark Peterson to Executive Vice President of Sales in June, the company’s executive management team now has seven members. Other executive officers are Mark DiBlasi, President and Chief Executive Officer, Brian van Helden, COO and Peter Armbruster, CFO.
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August 11, 2014
08:14 EDTRRTSRoadrunner to purchase Active Aero from Platinum Equity
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06:02 EDTRRTSRoadrunner to acquire Active Aero Group
Roadrunner announced that it has entered into a definitive merger agreement to acquire Active Aero Group. Active Aero is a supply-chain solutions provider focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico. The total purchase price is approximately $115M in cash and will be funded with borrowings under Roadrunner’s credit facility. The transaction is expected to close by the end of Roadrunner’s 2014 third quarter, subject to customary closing conditions. Active Aero generated total revenues of approximately $265M for the last twelve months ended June 30, 2014 and is expected to be accretive to earnings beginning in the fourth quarter of 2014. Assuming the transaction closes in the third quarter of 2014 as anticipated, transaction costs will impact Roadrunner’s 2014 third quarter earnings per share by approximately two cents.

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