Roadrunner Transportation Systems said Sept. 18 it has acquired refrigerated truckload carrier Yes Trans Inc., based in Salisbury, Mass.
The purchase price was about $1.2 million, net of cash acquired, plus an earn-out capped at $1.1 million, Roadrunner said.
Yes, which primarily transports meat and produce between the Northeast and the Midwest and Southeast, generated about $5 million in revenue last year.
Roadrunner said it expects the acquisition to be accretive to its near-term earnings.
“The Yes acquisition enhances our refrigerated truckload service offering in the Northeast due to its concentration in temperature-controlled products,” said Brian Van Helden, president of Roadrunner’s Truckload Logistics division.
Roadrunner will incorporate the Yes operations into its existing Massachusetts refrigerated location, he said in a statement.
Roadrunner Transportation Systems is ranked No. 24 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers.