Roadrunner Transportation Acquires G.W. Palmer Logistics

(RTTNews) - Roadrunner Transportation Systems Inc. (RRTS) Wednesday acquired G.W. Palmer Logistics LLC, a non-asset truckload service provider based in Batesville, Arkansas. The purchase price was about $2.5 million, plus an earn-out capped at $2.8 million. The deal is to be accretive to Roadrunner's earnings in the near term.

Mark DiBlasi, President and CEO of Roadrunner, said, "The G.W. Palmer acquisition enhances our truckload service offering in the South due to its concentration in temperature controlled products..."

In calendar year 2012, G.W. Palmer generated about $20 million in revenues.