Radiant Logistics Buys Isla International

Under the terms, Radiant will pay $7.7 million in cash at closing, expected by Dec. 31. The buyer also will pay $1.3 million three months after closing and $6 million more in cash and stock, based on Isla’s future performance.

Isla generated about $3 million in earnings before interest, taxes, depreciation, and amortization on $25 million in sales for the 12 months ended June 30, Radiant added, and is expected to contribute the same amounts annually.