C. H. Robinson Worldwide (CHRW) Reports Acquisition of Prime Distribution Services from Roadrunner Transportation (RRTS)

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Go back to C. H. Robinson Worldwide (CHRW) Reports Acquisition of Prime Distribution Services from Roadrunner Transportation (RRTS)

C.H. Robinson to Acquire Prime Distribution Services

January 28, 2020 4:15 PM EST

MINNEAPOLIS--(BUSINESS WIRE)-- C.H. Robinson (Nasdaq: CHRW) today announced it has entered into a definitive agreement to acquire Prime Distribution Services (Prime), a leading provider of retail consolidation services in North America, from Roadrunner Transportation (NYSE: RRTS). The agreement is subject to certain customary closing conditions, including regulatory approval.

Prime had $108.7 million in total revenues for the fiscal year ended December 31, 2019. C.H. Robinson intends to purchase Prime for approximately $225 million in cash. The acquisition is expected to be slightly accretive in 2020... More