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Stock impact report

Radiant Logistics acquires another operating partner [Yahoo! Finance]

Radiant Logistics, Inc. (RLGT) 
NASDAQ:AMEX Investor Relations: radiantdelivers.com
Company Research Source: Yahoo! Finance
Michigan-based Focus is a domestic and international freight forwarder primarily serving customers in the marine, aerospace and trade show sectors. It was founded in 2003 by Terrie Evans and Cliff Kisielewski and began operating under Service By Air in 2006. (Radiant acquired Service By Air in June 2015.) Focus will merge with an existing Radiant operation in Detroit. Kisielewski will lead that unit as general manager. Evans will be retiring. While no financial terms were provided, Radiant said a portion of the purchase price will be tied to Focus' future performance – a structure similar to that of past Radiant acquisitions. “Since Radiant acquired Service By Air back in 2015 they have proved to be a great partner, providing us a much larger platform to support and grow our business,” Kisielewski said in a news release after the market closed on Wednesday. “It has been rewarding to be a part of the building momentum of the Radiant network over the years and we are excited to n Show less Read more
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