Roadrunner Transportation Systems Announces Acquisition of Integrated Services For $13M

Roadrunner Transportation Systems, Inc.

, announced today that it has acquired Integrated Services, ISI Logistics and ISI Logistics South (collectively, “Integrated Services” or “ISI”). ISI is a regional logistics provider focused on the warehousing and transportation needs of its customers, primarily the automotive industry, and is based in Kokomo, Indiana. The total purchase price was $13 million, and was financed with borrowings under Roadrunner's credit facility. Pat McKay, President of Roadrunner Truckload Logistics, said, “In addition to adding capability to service customers in the Midwest, ISI brings a strong reputation for quality. ISI's team, led by Mike Taylor, has done an excellent job building relationships with its customers through high service levels and creative solutions. We look forward to working with ISI's team as we collectively pursue the growth opportunities available to the business.” In 2013, Integrated Services generated revenues of approximately $21 million. Integrated Services is expected to be accretive to Roadrunner's earnings in 2014.