Roadrunner Transportation Systems to acquire Active Aero Group
Roadrunner Transportation Systems Inc, an asset light transportation and logistics service provider, announced that it has entered into a definitive merger agreement to acquire Active Aero Group. Based in Belleville, Michigan, Active Aero is a supply chain solutions provider focused on transportation logistics for customers with sensitive or time-critical freight, principally in the US and Mexico. The total purchase price is approximately $115m in cash and will be funded with borrowings under Roadrunner’s credit facility. Trucking Mergers
Active Aero is a provider of ground and air expedited services, supported by its spot bid technology and controlled capacity. The company’s procurement system and multi-modal offering enables it to provide customers with the means of meeting their time-critical logistics needs.
Mark DiBlasi, President and Chief Executive Officer of Roadrunner said, “As we have indicated, the ability to provide air and ground expedited services to meet customers’ total transportation needs has been a key strategic objective for Roadrunner. Active Aero’s strong position in the marketplace is based upon the high quality of its service offering and personnel and its unique blend of expedited services. As a result, we believe Active Aero represents an ideal match with our strategy and an excellent platform for growth in expedited services globally.”