• Roadrunner to acquire Prime Logistics in $97.5-million deal

    Roadrunner Transportation Systems Inc. announced it is purchasing Prime Logistics Corp., Plainfield, IN, for $97.5 million. Prime is a warehousing and distribution company that had $67.5 million in revenue in 2010. The Prime acquisition is Roadrunner’s fourth and largest this year
    Aug. 25, 2011

    Roadrunner Transportation Systems Inc. announced it is purchasing Prime Logistics Corp., Plainfield, IN, for $97.5 million. Prime is a warehousing and distribution company that had $67.5 million in revenue in 2010. The Prime acquisition is Roadrunner’s fourth and largest this year.

    Roadrunner, based in Cudahy, WI, is a 1,200 owner-operator trucking and logistics company. Last month Roadrunner purchased The James Brooks Co., which transports produce at the Ports of Los Angeles and Long Beach and Oakland, for $7.5 million. Roadrunner bought Bruenger Trucking Co., a refrigerated hauler out of Wichita, KS, for $10.6 million earlier this year and in February bought Morgan Southern Inc. of Atlanta for $20 million.

    Roadrunner said it expects the Prime acquisition to boost company earnings immediately and by as much a 16 to 18 cents a share in 2012, according to a report in the Milwaukee Journal Sentinel.

    Prime operates four warehouses in Indianapolis, Dallas, Atlanta and Stockton, CA. The warehouses total more than 2 million square feet of space where the company handles more than 1 billion pounds of food a year.

    About the Author

    Deborah Whistler

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