RRTS acquires Marisol International, expands international services

Non asset-based third-party logistics services provider Roadrunner Transportation Systems Inc. (RRTS) is at it again, with the company announcing this week it has acquired all of the outstanding membership interests of Springfield, Missouri-based Marisol International LLC, a non asset-based supply chain-critical, provider of international logistics services.

By ·

Less than three months after announcing its most recent acquisitions, non asset-based third-party logistics services provider Roadrunner Transportation Systems Inc. (RRTS) is at it again, with the company announcing this week it has acquired all of the outstanding membership interests of Springfield, Missouri-based Marisol International LLC, a non asset-based supply chain-critical, provider of international logistics services.

RRTS said the purchase price was $66 million and an earn-out capped at $2.5 million. Company officials were not available for comment at press time, but RRTS will discuss the transaction on the company’s earnings call on Wednesday, July 31.

Marisol provides various supply chain services for shippers, including international ocean and air transportation management, customs house brokerage capabilities, and domestic logistics solutions for a diversified customer base ranging from Fortune 500 companies to small and mid-market enterprises, according to RRTS. Established in 2002, Marisol had revenues of $95 million and net revenues of $20 million for the year ended December 31, 2012.

“As we have indicated, one of our key strategic objectives in 2013 is broadening our international capabilities to meet our customers’ total transportation and logistics needs,” said Mark DiBlasi, President and CEO of Roadrunner, in a statement. “Many of our existing 35,000 customers import and export raw materials, purchased components, and finished products. Marisol represents an ideal fit both strategically and culturally.  The addition of Marisol will enable us to provide a comprehensive, global supply chain solution to our combined customer base. We will be able to handle full- and less-than container load shipments from origin to destination on a global basis for both refrigerated and dry freight.”

In early May, RRTS brought two new companies into the fold: Adrian Carriers, a Milan, Illinois-based logistics service provider focusing on container management and intermodal, and Wando Trucking, a Charleston, South Carolina-based provider of intermodal services and related services in the Southeast.

These acquisitions—and Marisol this week acquisitions RRTS mark the mark the ninth and tenth and 11th RRTS has made going back to 2011 and they mark the first ones since its December 2012 public offering of 3,500,000 shares of common stock at a price of $17.25 per share to the public.

Robert W. Baird & Co. analyst Ben Hartford wrote in a research note that Roadrunner’s expansion into international services is a key ingredient for the company in achieving its long-term, five-year revenue target of $3-4 billion (from a base of $1.1 billion in 2012).

“With Marisol’s platform coupled with RRTS’ existing portfolio, we suspect RRTS’ acquisition strategy moving forward will be largely focused on adding density to existing product verticals,” Hartford wrote.


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

3PL · RRTS · All Topics
Latest Whitepaper
Improving E-Commerce Fulfillment Through Business Integration
As e-commerce continues to outpace conventional retail, companies of all sizes are finding ways to disrupt traditional business models and seize market share.
Download Today!
From the February 2017 Issue
As the new administration sends waves of uncertainly through the global trade community, this could be the best time ever for shippers to build an investment case for GTM. Here are five trends you need to watch if you’re about to put these savvy systems to work
Carrier Consolidation Keeps Shippers Guessing
Getting Value from the Cloud
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Advance your career with the fastest growing logistics certification – APICS CLTD
During this webcast presenters will give an overview of APICS and the new Certified in Logistics, Transportation and Distribution (CLTD) designation. Learn how the CLTD program can help you stay on top of current trends and advance your career.
Register Today!
EDITORS' PICKS
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...

Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...
Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...