Roadrunner Transportation Systems Announces Closing of the Merger With Prime Logistics Corporation and Related Financing

ID: 1035922
recent pressrelease next pressrelease

(businesspress24) - CUDAHY, WI -- (Marketwire) -- 08/31/11 -- Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics services provider, today announced it has closed the merger with Prime Logistics Corporation ("Prime") and related financing. Originally announced on August 23, consideration for the acquisition was approximately $97.5 million, consisting of $94.5 million in cash and $3.0 million in stock. To finance the transaction, Roadrunner expanded its credit facility to $240 million.

Prime is a non-asset based provider of logistics and freight consolidation services. Prime leads its industry sector in providing value and service to its customers, which are predominately comprised of food producers who ship over 1.0 billion pounds of product to numerous retailers, distributors, and warehouses on an annual basis. Prime's services are provided from state-of-the-art facilities comprising over 2.0 million square feet and include freight consolidation, inventory management, warehousing, order fulfillment, and related LTL and truckload services.

Roadrunner is a leading asset-light transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload, transportation management solutions and intermodal solutions, and domestic and international air. For more information, please visit:

Roadrunner Transportation Systems, Inc.
Peter Armbruster
Chief Financial Officer

Vollrath Associates, Inc.
Marilyn Vollrath

Keywords (optional):

roadrunner-transportation-systems-prime-logistics-corporation-freight-truckload-less, than, truckload,

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: MARKET WIRE
print pressrelease  send to a friend  

Date: 08/31/2011 - 17:50
Language: English
News-ID 1035922
Character count: 0
Firma: Roadrunner Transportation Systems
Ansprechpartner: Feedback to about Pressrelease-id:


Number of hits: 194


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 50

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.


[ more PressReleases ][ RSS-Feed ]