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Roadrunner Transportation Purchases California Logistics Provider

Asset-light trucking company, Roadrunner Transportation Systems, has acquired all of the outstanding stock of Unitrans International, a non-asset based provider of international logistics solutions based in Los Angeles, Calif.

by Staff
March 17, 2014
Roadrunner Transportation Purchases California Logistics Provider

 

1 min to read


Asset-light trucking company, Roadrunner Transportation Systems, has acquired all of the outstanding stock of Unitrans International, a non-asset based provider of international logistics solutions based in Los Angeles, Calif.

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.

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“One of our key strategic objectives is expanding our international capabilities to meet our customers’ total transportation and logistics needs,” said Mark DiBlasi, president and CEO of the Wiscondin-based Roadrunner. “The addition of Unitrans diversifies and expands our existing global supply chain solution and brings a well-run company with a proven track record of high service quality to Roadrunner.”

The purchase price was $55.5 million, with Unitrans management remaining with the company. In 2013, Unitrans generated revenues of approximately $84 million.

Last month Roadrunner purchased Arkansas-based truckload and expedited services provider Rich Logistics, reportedly increasing its fleet size to 3,500 drivers, with more than 80% being owner-operators.

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In 2013 Roadrunner was named to Fortune magazine’s list of the 100 fastest growing publically held companies, ranked 28 overall. 

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