M&A Deal Summary

Roadrunner Transportation Acquires Unitrans International

On March 14, 2014, Roadrunner Transportation acquired transportation company Unitrans International from Palm Beach Capital for 56M USD

Acquisition Highlights
  • This is Roadrunner Transportation’s 23rd transaction in the Transportation sector.
  • This is Roadrunner Transportation’s 4th largest (disclosed) transaction.
  • This is Roadrunner Transportation’s 23rd transaction in the United States.
  • This is Roadrunner Transportation’s 3rd transaction in California.
Investment Fate
  • Unitrans International was divested to a consortium of strategic buyers in 2017 for 95M USD.
  • Unitrans International was divested to a consortium of strategic buyers in 2019.

M&A Deal Summary
Date 2014-03-14
Target Unitrans International
Sector Transportation
Buyer(s) Roadrunner Transportation
Sellers(s) Palm Beach Capital
Deal Type Add-on Acquisition
Deal Value 56M USD
Advisor(s) Harris Williams & Co. (Financial)

Target

Unitrans International

Inglewood, California, United States
website
Unitrans International Corp. is a provider of international logistics solutions. Unitrans offers customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments. Unitrans International Corp. was established in 1977 and is based in Inglewood, California.

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Buyer(S) 1

Buyer

Roadrunner Transportation

Downers Grove, Illinois, United States

website

Category Company
Founded 2005
Sector Transportation
Employees3,600
Revenue 1.8B USD (2019)
DESCRIPTION

Roadrunner Transportation is an asset-light transportation and supply chain solutions provider offering a full suite of services, including less-than-truckload, truckload, temperature-controlled, intermodal, expedited, and domestic and international air. Roadrunner Transportation was founded in 2005 and is based in Downers Grove, Illinois.

DEAL STATS #
Overall 24 of 28
Sector (Transportation) 23 of 26
Type (Add-on Acquisition) 23 of 27
State (California) 3 of 4
Country (United States) 23 of 27
Year (2014) 2 of 4
Size (of disclosed) 4 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-24 Rich Logistics

Little Rock, Arkansas, United States

Rich Logistics Co. is a provider of truckload and expedited services. Rich Logistics transports product throughout the United States and Mexico utilizing a combination of independent contractors and employee drivers.

Buy $48M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Integrated Services

Kokomo, Indiana, United States

Integrated Services, Inc. is a regional logistics provider focused on the warehousing and transportation needs of its customers, primarily the automotive industry.

Buy $13M

Seller(S) 1

SELLER

Palm Beach Capital

West Palm Beach, Florida, United States

Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 325M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palm Beach Capital (PBC) is a generalist private equity firm that specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. Target companies are typically valued between $20 to $200 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.

DEAL STATS #
Overall 12 of 17
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 4 of 5
State (California) 2 of 2
Country (United States) 12 of 17
Year (2014) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 CTS Engines

Fort Lauderdale, Florida, United States

CTS Engines provides a full spectrum of maintenance, repair, and overhaul (“MRO”) services for established engine platforms, specializing in the overhaul of the General Electric CF6-80C2, CF6-80A and CF6-50 engines, as well as the Pratt & Whitney PW2000. CTS also performs developmental testing on next-generation aerospace engines utilizing the highest thrust independent commercial test facility in the world, located in Jupiter, Florida. CTS Engines was founded in 2002 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-26 Liberty Medical Holdings

Port Saint Lucie, Florida, United States

Liberty Medical Holdings LLC is a distributor of catheters, ostomy supplies, insulin pumps, insulin pump supplies, and other medical supplies. Liberty also provides home medical supplies, such as face and nasal masks, nasal pillows, oral masks, and accessories. Liberty Medical Holdings was established in 1989 and is based in Port Saint Lucie, Florida.

Buy -
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