Saia acquires Robart Transportation
Saia announced that it has acquired Robart Transportation. and its subsidiary, The RL Services Group (the Robart Companies). Headquartered in Duluth, Georgia, the Robart Companies have provided customers with truckload brokerage and logistics services since 1981.
“This acquisition supports our strategic goal of diversifying our portfolio of service offerings,” said Saia President and CEO Richard O’Dell. “Sharon Burton, who currently serves as president and CEO of the non-asset based company, will continue to lead the operations of the acquired companies.”
In 2011, the Robart Companies had $12m in revenues. The purchase price is approximately $7.8m, plus an earnout subject to performance of the acquired companies in 2013. The acquisition is expected to be modestly accretive to Saia earnings. Saia announced it intends to rebrand the Robart Companies under the Saia name in the fourth quarter of 2012.