Radiant Logistics Enhances Global Reach with Transcon Shipping
Radiant Logistics Strengthens Global Operations
Strengthening Infrastructure and Service Delivery
Radiant Logistics, Inc. (NYSE American: RLGT), a prominent provider of technology-enabled global transportation and logistics solutions, has made a significant move by acquiring Transcon Shipping Co., Inc. This strategic acquisition marks a key milestone in Radiant’s growth trajectory, allowing the company to enhance its operational capabilities in important gateway locations. Transcon, a privately held entity established in 1997, is recognized for its distinguished services in ocean freight forwarding, air freight, and other transportation solutions.
Under the seasoned leadership of Terry Lynch, Transcon has built a reputable import business focused primarily on transpacific ocean freight. Their services include buyer consolidation, less-than-container-load (LCL), full container load (FCL), and specialized projects that cater to over-dimensional cargo. The firm has created a robust network of international agents, enabling it to serve high-profile clients across various industries such as furniture, automotive, food products, and consumer goods.
Transaction Details and Expectations
Radiant structured the acquisition in a familiar manner, integrating performance-based contingencies in the payment structure. With reported financials, Transcon achieved approximately $4.0 million in normalized EBITDA on a revenue of approximately $75.0 million for the year. This acquisition is expected to transition Transcon to the Radiant name throughout 2025, as it combines with Radiant’s existing operations in key cities.
Terry Lynch will retain his role as Vice President of Global Network Development, focusing on supporting Radiant's international growth efforts. He will report directly to Randy Briggs, Radiant’s Senior Vice President of International Services. This integration is anticipated to bolster Radiant’s market presence significantly in the strategic markets of New York, Los Angeles, and Chicago.
Shared Vision for Growth
Terry Lynch expressed his enthusiasm about joining forces with Radiant, emphasizing the alignment in values and customer focus. He stated, “Our customers have always been a priority, and finding a partner who shares that passion for service and a vision for mutual growth was essential. Together with Radiant, we are excited about the potential to enhance the value we provide to our customers while expanding our international reach.”
Bohn Crain, Radiant’s Founder and CEO, echoed this sentiment, highlighting how the acquisition will not only solidify their international capabilities but also introduce Transcon's existing clientele to Radiant’s expansive suite of services. This includes integrated solutions that leverage Radiant’s inland transportation and the Navegate global trade management platform. This collaboration is expected to create a “flywheel effect,” driving further business opportunities across their networks.
About Radiant Logistics
Radiant Logistics, Inc., publicly traded on the NYSE American under the ticker symbol RLGT, is a comprehensive third-party logistics provider. With a strong emphasis on technology, the company offers solutions in global transportation and value-added logistics primarily within the U.S. and Canada. Radiant’s service offering includes both domestic and international freight forwarding, truck and rail brokerage services, and a diversified array of services supported by its vast network of owned and agent-operated offices across key markets.
Alongside freight services, its added-value logistics services cover warehouse and distribution, customs brokerage, order fulfillment, and inventory management, ensuring customers receive a complete logistics solution tailored to their unique needs.
Frequently Asked Questions
What is the recent acquisition made by Radiant Logistics?
Radiant Logistics has acquired Transcon Shipping Co., Inc., enhancing its global logistics capabilities.
What services does Transcon Shipping provide?
Transcon specializes in ocean freight forwarding and offers services such as air freight and buyer consolidation.
How will the acquisition benefit Radiant's operations?
This acquisition will strengthen Radiant's operations in strategic markets and expand its service offerings to existing clients.
Who will lead Transcon after the acquisition?
Terry Lynch will continue as VP of Global Network Development, overseeing the integration into Radiant.
What is Radiant Logistics known for?
Radiant Logistics is known for its technology-enabled solutions in global transportation and value-added logistics, primarily serving clients in North America.
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