Radiant Logistics, Inc. (RLGT) Completes Acquisition of Los Angeles-Based Operating Partner Marvir Logistics
Domestic and international logistics services company Radiant Logistics announced it has completed the acquisition of the assets of its operating partner Marvir Logistics, a privately held Los Angeles-based company that has operated under Radiant Logistics’ Airgroup brand since 2006. Similar to its previous acquisitions, Radiant structured the transaction with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operation. On a post-closing basis, Marvir will continue its operations under the Airgroup brand for the remainder of 2012, and it is expected that Marvir will transition to the Radiant brand early…