Roadrunner Transportation Systems, Inc. recently announced its acquisition of Stagecoach Cartage and Distribution, a supplier of truckload and logistics services located in El Paso, Texas.
The acquisition cost Roadrunner $35 million as well as an earn-out capped at $5 million.
Stagecoach offers intermodal, regional and over-the-road truckload services to its customers in Mexico and the southwestern portion of the United States. The company also supplies transloading as well as warehousing solutions for its customers. To do so, it uses a network of facilities that are strategically located in west and south-central Texas.
“Stagecoach is an extremely high-quality company with a broad service portfolio, and an experienced and motivated management team that represents an excellent platform to expand our cross-border services,” Mark DiBlasi, President and CEO of Roadrunner, said. “Stagecoach’s strong presence within the El Paso and Laredo markets, coupled with the company’s Mexican Operating Authority, provides us with immediately realizable growth opportunities created by the accelerating demand within the region.”
“We’re very excited to join Roadrunner,” Scott McLaughlin, president of Stagecoach, said. “In order to achieve our growth potential, we sought to partner with a larger organization that had the resources and personnel that could assist us in accomplishing our goals. After meeting with several members of the Roadrunner team, it was clear that we shared a very similar cultural and strategic vision. Our organization is confident that as a part of Roadrunner, we can meet and exceed our collective goals.”
