"This acquisition supports our strategic goal of diversifying our portfolio of service offerings," says Richard O'Dell, Saia president and CEO. "Sharon Burton, who currently serves as president and CEO of the non-asset based company, will continue to lead the operations of the acquired companies."
In 2011, the Robart Companies had $12 million in revenue. The purchase price is approximately $7.8 million, plus an earnout subject to performance of the acquired companies in 2013. The acquisition is expected to be modestly accretive to Saia earnings. Saia intends to rebrand the Robart Companies under the Saia name in the fourth quarter of 2012.
With headquarters in Georgia and a network of 148 terminals, Saia employs 8,200 people. For more information, go to www.saia.com.