Radiant Logistics, Inc. recently acquired Service By Air, Inc. in a transaction valued at approximately $12 million.
Service by Air will continue to operate as its own brand as a subsidiary of Radiant. The company specializes in logistics and transportation services. It reported revenues of approximately $130.7 million in the 12 months before Aug. 31, 2014.
“This transaction is a continuation of our long-time focus to bring value to the agent-based forwarding community, and the ideal next step to accelerate Radiant’s growth, further strengthen our network footprint, and leverage our combined company-owned operations in the New York (JFK) and Los Angeles (LAX) markets,” Radiant Founder and CEO Bohn Crain said. “Through the purchase of Service By Air, Radiant will enjoy more than 150 operating locations across North America, giving us one of the largest footprints in our industry. We expect that this will translate into improved profitability and strategic advantage for all of our stations.”
A provider of multimodal transportation and logistics services, Radiant Logistic’s acquisition strategy is to strengthen its offering in this market and to bring entrepreneurial ventures together.
