Cudahy-based Roadrunner Transportation Systems Inc. on Tuesday announced it has acquired Wando Trucking Charleston, S.C., and Adrian Carriers of Milan, Ill.
Wando primarily transports imports and exports including raw rubber, building materials, paper, and plastics from the ports of Charleston and Savannah, Ga. The purchase price was approximately $9.0 million.
The acquisition was financed with borrowings under Roadrunner’s credit facility.
Brian van Helden, president of Roadrunner’s Truckload and Logistics business segment, said, “The Wando acquisition enhances the scale of our intermodal services in the Southeast and provides better access to the ports of Charleston and Savannah. We look forward to supporting and expanding Wando’s strong customer relationships and service record as we pursue continued growth in the business.”
Roadrunner acquired Adrian Carriers for a total purchase price of approximately $14.2 million, plus an earn-out capped at $6.5 million. Adrian manages the transportation of containerized import and export freight throughout the United States, and is at the forefront of technical development of container management systems and software.
Mark DiBlasi, president and CEO of Roadrunner, said, “The acquisition of Adrian expands our TMS capabilities within intermodal services and container management. In addition, Adrian’s service offering, combined with its superior reputation, enables us to cross-sell our current intermodal services. Gary Adrian and his team will remain in place and are excited about the growth opportunities we collectively envision.”
Gary Adrian, president and CEO of Adrian, added, “The strategic fit with Roadrunner is excellent from Adrian’s standpoint. Joining the Roadrunner team will enable us to more efficiently and rapidly achieve our growth objectives and provide enhanced value and services to our customers.”
