Cudahy-based Roadrunner Transportation Systems Inc. announced it has acquired all of the outstanding stock of Direct Connection Transportation (DCT), a non-asset truckload service provider based in Phoenix, Ariz.
The purchase price was approximately $1.3 million, and the acquisition was financed by Roadrunner with cash on hand.
Mark DiBlasi, president and chief executive officer of Roadrunner, said, “The DCT acquisition enhances our truckload service offering in the Southwest region due to its concentration in temperature controlled products. DCT’s former owner will remain in place and is excited about the growth opportunities we collectively envision. We look forward to supporting and expanding DCT’s strong customer relationships and service record as we expand the business.”
During calendar year 2011, DCT generated approximately $8 million in revenues. DCT is expected to be accretive to Roadrunner’s earnings in 2013.
