Roadrunner Transportation Systems acquired two refrigerated truckload carriers and expanded its credit facility to pave the way for more acquisitions.
The Cudahy, Wis.-based carrier said Friday it purchased R&M Transportation and Sortino Transportation, both located in Omaha, Neb., for $24.4 million.
The two companies, which operate using networks of owner-operators and company-owned trailers, had about $64.5 million in combined revenue in 2011.
“The acquisition of R&M and Sortino expands our refrigerated capacity in key lanes and broadens our customer base,” said Mark DiBlasi, president and CEO.
More Truck Driver News from CDL Life – Industry Developments, Opinions, Health, Technology.
Roadrunner said Wichita, Kan.-based Bruenger posted $3.5 million in earnings before interest, taxes, depreciation, and amortization and $23 million in revenue last year.
The acquisition “broadens our geographic coverage and expands our capacity network,” Roadrunner CEO Mark DiBlasi said in a statement. “Bruenger’s Midwest presence and East/West traffic will also enable us to more effectively cross-sell our truckload services.”
Roadrunner, which has less-than-truckload and truckload operations, is expanding its truckload, intermodal and logistics business through multiple acquisitions.
The carrier is expanding its LTL operations as well, opening two terminals in the Northeast in May to complement a New Jersey terminal it opened in 2011.
Read more about this trucking industry aquisition at The Journal of Commerce.