Less-than-truckload carrierSaia has acquired Robart Transportation and its subsidiary, The RL Services Group (the Robart Companies).
Based in Duluth, GA, the Robart Companies provide truckload brokerage and logistics services.
“This acquisition supports our strategic goal of diversifying our portfolio of service offerings,” said Richard O’Dell, Saia president & 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, Saia said.
Saia intends to rebrand the Robart Companies under the Saia name in the fourth quarter of 2012.
“By enhancing our service capabilities, there are distinct advantages for our customers,” said O’Dell. “I believe this acquisition will provide solid growth opportunities. The Robart Companies bring the strength of longstanding customer relationships as well as their unique expertise in truckload and logistics segments to the Saia portfolio. We are very excited to welcome Robart’s employees and customers to Saia.”
