Radiant Logistics Announces Acquisition Of Strategic Operating Partner Companies, Select Logistics And Select Cartage; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Radiant Logistics, Inc. (RLGT) has acquired Select Logistics, Inc. and Select Cartage, Inc., both based in Doral, Florida and part of the Company's Adcom Worldwide brand since 2007. The terms of the acquisition were not disclosed, but the transaction is structured with a portion of the purchase price payable based on the future performance of the acquired operations.
February 08, 2024 | 7:45 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Radiant Logistics acquires Select Logistics and Select Cartage, aiming to strengthen its Adcom Worldwide brand. The financial terms were not disclosed.
The acquisition of Select Logistics and Select Cartage by Radiant Logistics is likely to be viewed positively by investors as it signifies growth and expansion of the company's operations. The lack of disclosed financial terms makes it difficult to assess the immediate financial impact, but the strategic nature of the acquisition suggests a positive outlook for RLGT's future performance. The structured payment based on future performance also indicates a cautious approach to integration and financial management.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90