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New Deal


Announced

Roadrunner Transportation Systems to spin-off Ascent Global Logistics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Pending

freight management

Friendly

Freight Forwarding

Spin Off

Majority

Single Bidder

Private Equity

Synopsis

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Roadrunner Transportation Systems, an asset-right transportation and asset-light logistics provider, is set to spin-off Ascent Global Logistics, a freight management company. Financial terms were not disclosed. "With the actions announced today, we are left with two companies positioned to deliver significant value for their customers and investors," Chris Jamroz, Roadrunner Transportation Systems Executive Chairman.

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