Roadrunner Transportation Systems To Acquire Active Aero For $115 Mln In Cash

(RTTNews) - Roadrunner Transportation Systems Inc. (RRTS), asset-light transportation and logistics service provider, announced that it agreed to acquire Active Aero Group for the total purchase price of approximately $115 million in cash.

The purchase price will be funded with borrowings under Roadrunner's credit facility. The transaction is expected to close by the end of Roadrunner's 2014 third quarter, subject to customary closing conditions.

Based in Belleville, Mich., Active Aero is a highly regarded supply-chain solutions provider focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico.

Active Aero generated total revenues of approximately $265 million for the last twelve months ended June 30, 2014 and is expected to be accretive to earnings beginning in the fourth quarter of 2014.

Assuming the transaction closes in the third quarter of 2014 as anticipated, transaction costs will impact Roadrunner's 2014 third quarter earnings per share by approximately two cents.