Roadrunner Transportation acquires Stagecoach Cartage and Distribution

Freeman Staff

July 28, 2015

CUDAHY — 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.