Roadrunner Acquires Stagecoach Cartage and Distribution



Roadrunner Transportation Systems acquired El Paso, TX-based Stagecoach Cartage and Distribution for a total purchase price of $35 million, plus an earn-out capped at $5 million.

Stagecoach is a provider of truckload logistics services, warehousing and transloading solutions in south central and western Texas. The acquisition was financed with borrowings from Roadrunner’s credit facility.

“We’re very excited to join Roadrunner. In order to achieve our growth potential, we sought to partner with a larger organization that had the resources and personnel that could assist us in accomplishing our goal,” said Scott McLaughlin, president of Stagecoach. “After meeting with several members of the Roadrunner team, it was clear that we shared a very similar cultural and strategic vision. Our organization is confident that as a part of Roadrunner, we can meet and exceed our collective goals.”

Stagecoach generated revenues of approximately $34 million during the 12 months ended June 30, 2015, with EBITDA in excess of $7 million. Stagecoach is expected to be accretive to Roadrunner’s earnings in 2015.

“Stagecoach is an extremely high-quality company with a broad service portfolio and an experienced and motivated management team that represents an excellent platform to expand our cross-border services,” said Mark DiBlasi, president and CEO of Roadrunner. “Stagecoach’s strong presence within the El Paso and Laredo markets, coupled with the company’s Mexican Operating Authority, provides us with immediately realizable growth opportunities created by the accelerating demand within the region.”


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