Cudahy-based Roadrunner Transportation Systems Inc. has acquired Integrated Services, ISI Logistics and ISI Logistics South for $13 million.
Kokomo, Ind.-based ISI is a regional logistics company that offers warehousing and transportation services mainly to the automotive industry. It had 2013 revenues of about $21 million, and is expected to be accretive to Roadrunner’s 2014 earnings.
Roadrunner, a leading asset-light transportation and logistics service provider, recently expanded its credit facility from $368 million to $550 million through 2019 and used it to fund the transaction.
“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.”
