M&A Deal Summary

Roadrunner Transportation Acquires Active Aero Group Holdings

On August 27, 2014, Roadrunner Transportation acquired transportation company Active Aero Group Holdings from Platinum Equity for 115M USD

Acquisition Highlights
  • This is Roadrunner Transportation’s 25th transaction in the Transportation sector.
  • This is Roadrunner Transportation’s largest (disclosed) transaction.
  • This is Roadrunner Transportation’s 25th transaction in the United States.
  • This is Roadrunner Transportation’s 1st transaction in Michigan.

M&A Deal Summary

Date 2014-08-27
Target Active Aero Group Holdings
Sector Transportation
Buyer(s) Roadrunner Transportation
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

Active Aero Group Holdings

Belleville, Michigan, United States
Active Aero Group Holdings, Inc. is a full service premium logistics and expedited air cargo companies servicing the on-demand air freight and ground market segments in North America.

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Buyer(S) 1

Buyer

Roadrunner Transportation

Downers Grove, Illinois, United States

Category Company
Founded 2005
Sector Transportation
Employees3,600
Revenue 1.8B USD (2019)
DESCRIPTION

Roadrunner Transportation is an asset-light transportation and supply chain solutions provider offering a full suite of services, including less-than-truckload, truckload, temperature-controlled, intermodal, expedited, and domestic and international air. Roadrunner Transportation was founded in 2005 and is based in Downers Grove, Illinois.


DEAL STATS #
Overall 26 of 28
Sector (Transportation) 25 of 26
Type (Add-on Acquisition) 25 of 27
State (Michigan) 1 of 1
Country (United States) 25 of 27
Year (2014) 4 of 4
Size (of disclosed) 1 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Integrated Services

Kokomo, Indiana, United States

Integrated Services, Inc. is a regional logistics provider focused on the warehousing and transportation needs of its customers, primarily the automotive industry.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-28 Stagecoach Carthage & Distribution

El Paso, Texas, United States

Stagecoach Carthage & Distribution LLC provides reliable dry van over-the-road and local cartage as well as warehousing services to a broad range of customers in the bulk resin and general freight markets. Stagecoach Carthage & Distribution was formed in 1986 and is based in El Paso, Texas.

Buy $35M

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 33 of 78
Sector (Transportation) 1 of 6
Type (Add-on Acquisition) 18 of 39
State (Michigan) 3 of 5
Country (United States) 26 of 65
Year (2014) 6 of 9
Size (of disclosed) 18 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-07 Ryerson

Chicago, Illinois, United States

Ryerson is a processor and distributor of metals with operations in the United States, Mexico, Canada, China and Brazil. The company serves a variety of industries, including customers making products or equipment for construction, packaging, oil and gas and truck trailers. Founded in 1842, Ryerson is headquartered in the United States and employs approximately 3,700 employees in more than 100 locations. Ryerson Holding was founded in 1842 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 MegaPath

Costa Mesa, California, United States

MegaPath provides fully managed IP-based Virtual Private Network connectivity solutions over both the public Internet and its private network. MegaPath was formed in 1996 and is based in Costa Mesa, California.

Sell -