Roadrunner Transportation Systems Acquires Integrated Services Incorporated
July 21, 2014: Roadrunner Transportation Systems, Inc. (RRTS), announced it has acquired Integrated Services, ISI Logistics and ISI Logistics South (collectively, “Integrated Services” or “ISI”). ISI is a regional logistics provider focused on the warehousing and transportation needs of its customers, primarily the automotive industry, and is based in Kokomo, Indiana.
Pat McKay, President of Roadrunner Truckload Logistics, said, “In addition to adding capability to service customers in the Midwest, ISI brings a strong reputation for quality. ISI’s team, led by Mike Taylor, has done an excellent job building relationships with its customers through high service levels and creative solutions. We look forward to working with ISI’s team as we collectively pursue the growth opportunities available to the business.”
In 2013, Integrated Services generated revenues of approximately $21 million. Integrated Services is expected to be accretive to Roadrunner’s earnings in 2014.
The Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. (“Burch”), were the lead strategic and financial advisors to ISI on the sale of the business. In order to assist True North with securities related transactions, its principals are registered investment banking agents of Burch & Company, Inc, member FINRA/SiPC. Burch and True North are not affiliated entities.