This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Roadrunner Transportation Systems, Inc. (NYSE: RRTS), announced today that it has acquired all of the outstanding membership interests of Marisol International LLC (“Marisol”), a leading non-asset based, supply chain-critical, provider of international logistics solutions based in Springfield, Missouri, for a total purchase price of $66 million, plus an earn-out capped at $2.5 million. Marisol's service offering includes international ocean and air transportation management, customs house brokerage capabilities, and domestic logistics solutions for a diversified customer base ranging from Fortune 500 companies to small and mid-market enterprises. Marisol's customizable and comprehensive service offering, superior service levels, flexible proprietary technology, and highly-trained workforce have contributed to outstanding growth and operational performance since its inception in 2002, to revenues of $95 million and net revenues of $20 million for the year ended December 31, 2012.
Mark DiBlasi, President and CEO of Roadrunner, said, “As we have indicated, one of our key strategic objectives in 2013 is broadening our international capabilities to meet our customers' total transportation and logistics needs. Many of our existing 35,000 customers import and export raw materials, purchased components, and finished products. Marisol represents an ideal fit both strategically and culturally.
“The addition of Marisol will enable us to provide a comprehensive, global supply chain solution to our combined customer base. Our collective offering of international logistics and domestic services ranging from less-than-truckload, truckload, intermodal solutions, to freight consolidation and warehousing as the actual service provider, is unmatched. We will be able to handle full- and less-than container load shipments from origin to destination on a global basis for both refrigerated and dry freight.
“From a cultural standpoint, Marisol's growth-oriented, team-based and high-integrity culture is very consistent with Roadrunner's. Furthermore, Marisol's talented leadership, led by Micah Holst, President, and Jason Descamps, COO and CIO, is highly professional and capable of leading significant growth in our international platform.”