Refrigeratedtransporter 1119 Hands Shake Over Contract

Roadrunner Transportation acquires G W Palmer Logistics

Sept. 12, 2013
Roadrunner Transportation Systems Inc announced that it has acquired all of the outstanding equity of G W Palmer Logistics LLC, a non-asset truckload service provider based in Batesville AR.
Roadrunner Transportation Systems Inc (NYSE: RRTS) announced that it has acquired all of the outstanding equity of G W Palmer Logistics LLC, a non-asset truckload service provider based in Batesville AR. The purchase price was approximately $2.5 million, plus an earn-out capped at $2.8 million. This acquisition was financed with borrowings under Roadrunner’s credit facility.
Mark DiBlasi, president and chief executive officer of Roadrunner, said, “The G W Palmer acquisition enhances our truckload service offering in the South due to its concentration in temperature-controlled products. G W Palmer’s management team will remain in place and are excited about the growth opportunities we collectively envision. We look forward to supporting and expanding G W Palmer’s strong customer relationships and service record as we expand the business.” During calendar year 2012, G W Palmer generated approximately $20 million in revenues. The company is expected to be accretive to Roadrunner’s earnings in the near term. Roadrunner is an asset-light transportation and logistics service provider offering a suite of services including customized and expedited less-than-truckload, truckload, and logistics; transportation management systems; intermodal services; and domestic and international air services. For more information, visit www.rrts.com.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!