Exciting Developments in Logistics: Foundation Joins Radiant

Author: Lucas Young Updated: 09-10-2024 05:43 PM

Generational Capital Markets Facilitates Major Acquisition

Generational Capital Markets (GCM), a prominent member of FINRA/SIPC known for its advisory role in mergers and acquisitions for privately held businesses, is thrilled to announce that Foundation Logistics has been acquired by Radiant Logistics. This strategic acquisition showcases the dynamic evolution in the logistics sector, particularly within specialized transportation services.

Foundation Logistics: A Leader in Specialized Transportation

Foundation Logistics, an established name in specialized transportation, has built its reputation by providing comprehensive logistics solutions tailored for the oil and gas industry. The company has expertise in transporting hazardous materials, explosives, and urgent oilfield equipment across various locations around the globe since its inception in 2014.

Commitment to Safety and Efficiency

One of the core tenets of Foundation Logistics is its unwavering commitment to safety and efficiency. The firm has honed its processes to ensure that every transportation task meets the highest standards of safety while also being executed in an efficient manner, thus solidifying its standing in the industry.

Radiant Logistics: Expanding Capabilities

Radiant Logistics is a well-established third-party logistics provider that operates extensively in both the United States and Canada. The company offers technology-enabled global transportation services and value-added logistics solutions, serving a diverse array of clients, including manufacturers, distributors, and retailers. Radiant's network spans across North America and beyond, allowing them to seamlessly facilitate freight forwarding and brokerage services.

Comprehensive Service Offerings

Radiant’s robust service offerings cover a wide range of logistics needs including domestic and international freight forwarding, custom brokerage, order fulfillment, and warehousing. By integrating these services, Radiant can provide a more streamlined and efficient logistics experience for its customers.

Structure of the Acquisition

The acquisition structured by GCM follows a proven model similar to previous transactions, incorporating performance-based contingent payments. This innovative structure allows both parties to align their interests and ensure mutual growth, fostering a beneficial relationship for the future.

Leadership Transition and Future Plans

Post-acquisition, Foundation Logistics will continue under the guidance of its co-founders, Larry Early and Cindy Jones. Both leaders anticipate a gradual transition to the Radiant brand by 2025. During this interim period, they will coordinate closely with Tim O’Brien, the Senior Vice President and General Manager of Radiant’s U.S. forwarding operations, to ensure a smooth integration process.

Voices of Leadership

Larry Early expressed his enthusiasm about the acquisition, stating, “Our customers have always been paramount in our operations. We sought a partner who shares our commitment to service and offers possibilities for growth. Radiant truly embodies this vision, and Cindy and I are eager to combine our strengths with theirs to enhance our service offerings.”

Bohn Crain, Radiant’s Founder and CEO, also commented on the partnership. “Having connections to Humble, Texas, I’m excited to collaborate with Larry and Cindy to expand our expertise in the oil and gas sector. We look forward to serving this vibrant industry while carrying the Radiant banner in our hometown.”

Generational Capital Markets: A Trusted Advisor

GCM is recognized as a key player in the mergers and acquisitions space. Senior Managing Director, Chris Heckert, and Vice President, Troy Blakely, played pivotal roles in facilitating this necessary transaction. Heckert expressed confidence in the collaboration, stating, “The synergy between Foundation Logistics and Radiant Logistics is remarkable, and the potential for future success is immense.”

About Generational Capital Markets, Inc.

Generational Capital Markets, Inc. stands out as a member of FINRA/SIPC, providing a suite of advisory services. The firm is part of the Generational Group, which employs over 350 professionals across 17 offices. Their comprehensive services include growth consulting, M&A advisory, business valuation, and wealth management, aiming to help business owners realize the full potential of their ventures.

Frequently Asked Questions

1. What is the significance of the acquisition of Foundation Logistics by Radiant Logistics?

This acquisition enhances Radiant's capabilities in the high-demand oil and gas logistics sector while providing Foundation Logistics access to a broader range of services.

2. Who will lead Foundation Logistics after the acquisition?

Foundation Logistics will continue under the leadership of its co-founders, Larry Early and Cindy Jones, with plans to integrate into the Radiant brand.

3. What services does Foundation Logistics specialize in?

Foundation Logistics specializes in the transportation of hazardous materials and urgent oilfield equipment, focusing on safety and efficiency.

4. How will the acquisition impact customers of Foundation Logistics?

Customers can expect improved service offerings and enhanced capabilities as Foundation Logistics leverages Radiant's broader logistics network.

5. What are the future plans for the Foundation Logistics brand?

Foundation Logistics plans to transition to the Radiant brand by 2025 while maintaining its operational identity in the interim.

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