Roadrunner Transportation Reports Purchase of YES Trans for $1.2M
Roadrunner Transportation Systems, Inc. (NYSE: RRTS) announced today that it has acquired substantially all of the assets of YES Trans, Inc. (“YES”), a refrigerated truckload service provider based in Salisbury, Massachusetts. YES primarily transports meat and produce between the Northeast and the Midwest and Southeast. The purchase price was approximately $1.2 million, net of cash acquired, plus an earn-out capped at $1.1 million. The acquisition was financed with Roadrunner's cash on hand.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.