Roadrunner Transportation Systems, Inc. announced Monday it has
acquired Rich Logistics, a provider of truckload and expedited
services based in Little Rock, Ark.
In addition, Cudahy-based Roadrunner purchased Everett
Transportation Inc. and certain assets of Keith Everett. The
total enterprise value of the transaction was approximately $48
million, according to the announcement. Rick Logistics
transports products throughout the United States and Mexico
through the use of independent contractors and employee drivers.
Everett is a contractor operating exclusively for Rich
“The acquisition of Rich Logistics provides an excellent
opportunity to expand our truckload offering and broadens our
access to freight going into and coming out of Mexico,” said
Mark DiBlasi, president and CEO of Roadrunner, in a statement.
“Rich Logistics’ superior service standards and strong
reputation will allow us to strengthen its existing customer
relationships as well as cultivate new relationships. Both Rich
Logistics’ and Everett’s management teams will stay in place to
help achieve the growth opportunities that we collectively
In 2013, Rich Logistics generated revenues of approximately $113
million, according to the announcement. Rich Logistics is
expected to be accretive to Roadrunner’s earnings in 2014.
Roadrunner is a leading asset-light transportation and logistics
service provider offering a full suite of solutions, including
customized and expedited less-than-truckload, truckload
logistics, transportation management solutions, intermodal
solutions, freight consolidation, inventory management,
expedited services, international freight forwarding, customs
brokerage and comprehensive global supply chain solutions.