Radiant Logistics announced it has acquired time-critical transportation and logistics provider Cascade Transportation.
Seattle-based Cascade was founded in 1982. Its primary customers include retailers, e-commerce companies, furniture manufacturers and trade show-related companies. The company’s current leadership team will remain in place, and Cascade will operate as part of Radiant Global Logistics.
Financial terms of the transaction were not provided but Radiant said a portion of the undisclosed purchase price will be tied to future performance.
Renton, Washington-based Radiant (NYSE: RLGT) closed its fiscal quarter ended March 31 with $31.2 million in cash and no outstanding balance on its credit facility. It said it would use available capital to continue to convert agent stations to company-owned locations, execute acquisitions and make share repurchases.
“We have purposefully positioned ourselves to bring value to logistics entrepreneurs and believe that the Cascade transaction is representative of the broader pipeline of opportunities available to us in the marketplace,” said Bohn Crain, Radiant founder and CEO, in a news release. “We are pleased to be able to support Cascade in this transition and are excited for this next chapter with David and the entire team.”
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
Future of Rail Symposium
Reshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post • Chicago, IL Register NowReshoring is rewriting freight demand. Join shippers, rail executives, and government officials to shape the next decade.
The Signal at Chattanooga Choo Choo • Chattanooga TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now