By Greg Johnson, Staff Reporter
This story appears in the July 9 print edition of Transport Topics. Click here to subscribe today.
Less-than-truckload fleet Saia Inc. announced it has acquired Robart Transportation Inc. and subsidiary, RL Services Group LLC, which offer freight brokerage and logistics services.
Saia, Johns Creek, Ga., said in a July 2 statement it paid about $7.8 million upfront but is also offering an unspecified payment based on the 2013 performance of the firms known as the Robart Cos.
Saia said it plans to rebrand the companies under the Saia banner in the fourth quarter.
“This acquisition supports our strategic goal of diversifying our portfolio of service offerings,” Saia CEO Richard O’Dell said in a statement. He added that Robart CEO Sharon Burton will continue to lead her companies’ operations.