Roadrunner Transportation Systems, Inc. announced that it has acquired all of the outstanding stock and the Charleston, SC, property of Wando Trucking (“Wando”), a provider of intermodal transportation and related services in the Southeast.
Wando primarily transports imports and exports including raw rubber, building materials, paper, and plastics from the ports of Charleston, SC, and Savannah, GA. The purchase price was approximately $9 million. The acquisition was financed with borrowings under Roadrunner’s credit facility.
“The Wando acquisition enhances the scale of our intermodal services in the Southeast and provides better access to the ports of Charleston and Savannah,” said Brian van Helden, president of Roadrunner’s Truckload and Logistics business segment. “We look forward to supporting and expanding Wando's strong customer relationships and service record as we pursue continued growth in the business.”
During calendar year 2012, Wando generated approximately $13 million in revenues.
Roadrunner offers customized and expedited less-than-truckload, truckload. logistics, transportation management, intermodal, and domestic and international air services.
