Roadrunner Transportation Systems, Inc. announced it has acquired
Stagecoach Cartage and Distribution, a provider of truckload and
logistics services based in El Paso, Texas, for $35 million, plus an
earn-out capped at $5 million.
Stagecoach provides regional,
intermodal, and over-the-road truckload services throughout the
southwestern United States and Mexico.
“Stagecoach is an extremely
high-quality company with a broad service portfolio and an
experienced and motivated management team that represents an
excellent platform to expand our cross-border services. Stagecoach’s
strong presence within the El Paso and Laredo markets, coupled with
the company’s Mexican Operating Authority, provides us with
immediately realizable growth opportunities created by the
accelerating demand within the region,” said Mark DiBlasi, president
and CEO of Roadrunner, in a statement.
Stagecoach generated revenues of
approximately $34 million during the 12 months ended June 30 with
EBITDA in excess of $7 million. Stagecoach is expected to be
accretive to Roadrunner’s earnings in 2015.