Roadrunner Transportation Systems Inc. announced that it purchased El Paso-based Stagecoach Cartage and Distribution for $35 million as a way to expand cross-border transportation services.
The $35 million purchase price could increase by up to $5 million based on Stagecoach’s financial performance.
The most significant outcome of the acquisition is that Roadrunner will now be able to utilize its own trucks in Mexico. Roadrunner will also enjoy a significant expansion of their presence in the southwest.
Roadrunner has made 33 acquisitions since 2005, making it one of the nation’s fasting growing trucking firms.