The acquisition of D&E, located in Clearwater, Minn., cost approximately $11.2 million. D&E's principal former owner and its management team will remain in place.
"The acquisition of D&E broadens the service offerings within our truckload and logistics business segment and expands our flatbed capacity and customer base," says Mark DiBlasi, CEO of Roadrunner. "D&E has built solid, long-term customer relationships and brings superior service and safety records to Roadrunner."
In 2011, D&E generated revenues of approximately $23.8 million. D&E is expected to be accretive to Roadrunner's earnings in 2012.
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Roadrunner Transportation Systems