Prospero Staff Capital completed the acquisition of a majority stake in Roadrunner from Elliott Management.

Prospero Staff Capital, a private equity vehicle, completed the acquisition of a majority stake in Roadrunner, a metro-to-metro less-than-truckload carrier, from Elliott Management, a fund manager. Financial terms were not disclosed. "After comprehensively unwinding the prior management's roll-up strategy to get to a pure-play LTL network, Roadrunner now stands as a premium long-haul carrier. Today marks the beginning of our growth phase, driven by new capital, strategic investments, and acquisitions. We're committed to organic expansion, as well as pursuing focused and opportunistic M&A to strengthen our market position," Chris Jamroz, Prospero Staff Capital Co-Led.