Roadrunner Transportation Services, Inc.
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Roadrunner Transportation Services, Inc. - overview
Established
1984
Location
Downers Grove, IL, US
Primary Industry
Logistics & Distribution
About
Roadrunner Transportation Services, Inc. is a logistics company specializing in Less-than-Truckload (LTL) shipping, providing efficient freight management solutions across the United States through its extensive Smart Network. Founded in 1984 in Downers Grove, US, Roadrunner Transportation Services, Inc. focuses on offering logistics and transportation services.
The company has undergone strategic pivots to enhance its service offerings but does not have any known subsidiaries. In May 2010, the firm raised USD 148 mn through a PIPE financing round, selling 10. 6 million shares at USD 14 per share, with Elliott Management participating in its most recent funding round in which it also raised USD 450 mn, bringing the total amount raised to USD 450 mn. Roadrunner Freight provides high-quality Less-than-Truckload (LTL) shipping services through its expansive Smart Network, efficiently managing logistics from major metropolitan areas across the United States.
Their services cater to manufacturers, retailers, and logistics companies requiring dependable freight transportation, focusing on long-haul routes connecting significant urban centers to ensure timely deliveries. In the most recent fiscal year of 2019, Roadrunner Freight generated revenue of USD 1,847. 86 mn, with an EBITDA amounting to USD -262. 16 mn, reflecting their operational performance during that period.
Roadrunner Transportation Services, Inc. plans to enhance its service portfolio with new product offerings and aims to expand into additional markets across the United States. The latest funding round will support these initiatives, particularly focusing on improving their logistics technology and expanding their Smart Network to better serve clients in emerging markets.
Current Investors
Elliott Management
Primary Industry
Logistics & Distribution
Sub Industries
Trucking, Freight Transportation Services
Website
www.rrts.com
Company Stage
Mature - Growth Capital
Total Amount Raised
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Roadrunner Transportation Services, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE, Secondary Buyout | Completed | Roadrunner Transportation Services, Inc. | - | ||||||||
| Private Debt | Completed | Roadrunner Transportation Services, Inc. | - | ||||||||
| Unspecified Exit | Completed | Roadrunner Transportation Services, Inc. | - | ||||||||
| PIPE | Completed | Roadrunner Transportation Services, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Unitrans International Corporation | - |
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