Radiant Logistics Acquires Strategic Operating Partner Viking Worldwide, Inc; Company Structured The Transaction Similar To Its Previous Transactions, With A Portion Of The Expected Purchase Price Payable In Subsequent Periods Based On The Future Performance Of The Acquired Operations
Portfolio Pulse from Benzinga Newsdesk
Radiant Logistics, Inc. (RLGT) has acquired Viking Worldwide, Inc., a Minnesota-based company specializing in logistics for various industries. The deal is structured with future payments based on Viking's performance. Viking, operating under the Service By Air brand since 2012, will transition to the Radiant brand in 2024. This acquisition aligns with Radiant's strategy of partnering with logistics entrepreneurs and expanding its network.
April 03, 2024 | 8:12 pm
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Radiant Logistics acquires Viking Worldwide, aiming to enhance its logistics services and expand its network. The acquisition is structured with performance-based future payments.
The acquisition of Viking Worldwide by Radiant Logistics is likely to have a positive short-term impact on RLGT's stock price. This strategic move not only expands Radiant's service offerings and geographical footprint but also aligns with its growth strategy of partnering with logistics entrepreneurs. The performance-based payment structure indicates confidence in Viking's future success and operational integration, potentially leading to increased investor confidence in RLGT's growth trajectory and operational efficiency.
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