Roadrunner Transportation acquires
Direct Connection Transportation
Dec 31, 2012 12:22 PM
Roadrunner Transportation Systems Inc (NYSE: RRTS) has acquired all of the outstanding stock of Direct Connection Transportation (DCT), a non-asset truckload service provider based in Phoenix AZ. The purchase price was about $1.3 million, and the acquisition was financed with cash on hand.
Mark DiBlasi, president and chief executive officer of Roadrunner, said, “The DCT acquisition enhances our truckload service offering in the South West region due to its concentration in temperature-controlled products. DCT’s former owner will remain in place and is excited about the growth opportunities we collectively envision. We look forward to supporting and expanding DCT’s strong customer relationships and service record as we expand the business.”
During calendar year 2011, DCT generated approximately $8 million in revenues. The company is expected to be accretive to Roadrunner’s earnings in 2013.
Roadrunner is an asset-light transportation and logistics service provider offering a full suite of systems, including customized and expedited less-than-truckload, truckload and logistics, transportation management solutions, intermodal solutions, and domestic and international air.
For more information, visit www.rrts.com.
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