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
Six Ways Cloud ERP Supports Rapid Innovation
Kenandy is a new approach to ERP that lets you and your team focus on driving innovation, creating new product lines, and expanding your customer base even as you improve your business operations.
Download Today!
From the November 2016 Issue
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL) provider that could successfully combine transportation services and technology capabilities under one roof.
Warehouse & DC Operations Survey: Ready to confront complexity
2016 Quest for Quality Awards Dinner
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Best Practices: How to Efficiently Leverage APIs to Increase Your Net Income
Both legacy and modern technology leaders agree that leveraging API connectivity is critical in keeping up with the pace of a world that demands not only speed and agility, but also a deep level of visibility. During this session a panel of technology and industry experts discuss impact APIs can have on annual net income and market capitalization.
Register Today!
EDITORS' PICKS
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)...

Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....
25th Annual Masters of Logistics
Indecision revolving around three complex supply chain elements—transportation, technology and...