C.H. Robinson Completes Acquisition of Prime Distribution Services
C.H. Robinson Worldwide, Inc. (CHRW)
Last c.h. robinson worldwide, inc. earnings: 4/28 04:15 pm
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Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--C.H. Robinson (Nasdaq: CHRW) today announced that it has finalized the acquisition of Prime Distribution Services (“Prime”), a leading provider of retail consolidation and value-added warehouse services in North America, from Roadrunner Transportation (NYSE: RRTS) for $225 million. The acquisition expands C.H. Robinson’s retail consolidation business and brings additional scale, capabilities and expertise to the company’s portfolio. C.H. Robinson financed the acquisition and related fees and expenses with cash on hand and funds drawn from C.H. Robinson’s existing credit facilities. The company expects the transaction to be slightly accretive to earnings in 2020.“We are excited about the combination of Prime and C.H. Robinson,” said Bob Biesterfeld, Chief Executive Officer of C.H. Robinson. “We welcome our new colleagues at Prime to the team, and we look forward to the work we will do together to provide excellent service to our combined set of custome
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CHRW
Earnings
- 10/30/24 - Beat
CHRW
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form 144
- CHRW's page on the SEC website