Cudahy-based Roadrunner Transportation Systems Inc. announced today it has acquired all of the outstanding stock of Unitrans International Corp., a leading high-quality, non-asset based provider of international logistics solutions based in Los Angeles.
The total purchase price of $55.5 million was financed by borrowings under Roadrunner’s credit facility.
Unitrans offers its customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain and high-value shipments.
Mark DiBlasi, president and chief executive officer of Roadrunner, said, “As we have indicated, one of our key strategic objectives is expanding our international capabilities to meet our customers’ total transportation and logistics needs. The addition of Unitrans diversifies and expands our existing global supply chain solution and brings a well-run company with a proven track record of high service quality to Roadrunner. Unitrans has an excellent leadership team led by Andrew Schadegg and Chris Amberg. Andrew and Chris have been integral in defining Unitrans’ strategy and shaping its culture, and will remain in place to help us realize growth in our international platform.”
In 2013, Unitrans generated revenues of approximately $84 million. Unitrans is expected to be accretive to Roadrunner’s earnings in 2014.