Radiant Logistics’ latest deal expands its bi-modal broker platform
Radiant Logistics announced it has acquired the Dallas brokerage operations of Whitacre Logistics Services, an intermodal and over-the-road transportation unit that will become part of Radiant Road & Rail. The post Radiant Logistics’ latest deal expands its bi-modal broker platform appeared first on FreightWaves .
Radiant Logistics, a third-party logistics provider, has acquired the Dallas brokerage operations of Whitacre Logistics Services. The newly acquired unit specializes in intermodal and over-the-road transportation services and will be incorporated into Radiant Road & Rail. The financial terms of the deal were not disclosed, but it is typical for a portion of the purchase price to be contingent on future performance goals, which is common in Radiant's transactions.
Jeff Vielhaber, the leader of the acquired Dallas operation, will also take charge of Radiant Road & Rail's new independent agent development program. Bohn Crain, Radiant's founder and CEO, expressed enthusiasm about accelerating the growth of their bi-modal brokerage platform through this acquisition. Radiant Logistics has been actively acquiring and consolidating brokerage operations in recent years, with notable deals including its majority stake in Mexico City-based Weport and the acquisition of California-based Transcon Shipping.
The newly acquired Dallas operation primarily serves customers in the building materials, manufacturing, and packaging sectors. Vielhaber noted that Radiant's technology platform and extensive intermodal experience make them an ideal fit for supporting the Dallas business. He also expressed excitement about expanding their agent network nationwide while continuing to grow their Dallas account base.
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