Air Cargo World--Radiant Logistics will acquire DBA Distribution Services, a New Jersey-based logistics company founded in 1981, for $12 million.
Radiant will pay out $5.4 million in cash and $4.8 million in notes during the next three years. The remaining money will be paid out as the companies integrate their businesses. The move will add 25 DBA North American offices to Radiant’s network, a combination that Bohn Crain, Radiant’s chairman and CEO, said gives Radiant “one of the largest footprints in our industry.”
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Radiant will pay out $5.4 million in cash and $4.8 million in notes during the next three years. The remaining money will be paid out as the companies integrate their businesses. The move will add 25 DBA North American offices to Radiant’s network, a combination that Bohn Crain, Radiant’s chairman and CEO, said gives Radiant “one of the largest footprints in our industry.”
Read more!
