Saia, Inc. Announces Acquisition of Brokerage and 3PL Business
Saia, Inc. (NASDAQ: SAIA) announced today that it has acquired Robart Transportation, Inc. and its subsidiary, The RL Services Group, LLC (the Robart Companies). Headquartered in Duluth, GA, the Robart Companies have provided customers with quality truckload brokerage and logistics services since 1981.
In 2011, the Robart Companies had $12 million in revenue. The purchase price is approximately $7.8 million, plus an earnout subject to performance of the acquired companies in 2013. The acquisition is expected to be modestly accretive to Saia earnings. Saia intends to rebrand the Robart Companies under the Saia name in the fourth quarter of 2012.
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