- THE MAGAZINE
Commenting on the acquisition of Robart Transportation and its subsidiary, The RL Services Group LLC, Richard O’Dell, president and CEO of Saia Inc., said, “This acquisition supports our strategic goal of diversifying our portfolio of service offerings. Sharon Burton, who currently serves as president and CEO of the non-asset based company, will continue to lead the operations of the acquired companies.”
In 2011, the Robart Companies had $12 million in revenue. The purchase price is approximately $7.8 million, plus an earnout subject to performance of the acquired companies in 2013. The acquisition is expected to be modestly accretive to Saia earnings. Saia intends to rebrand the Robart Companies under the Saia name in the fourth quarter of 2012.
“The Robart Companies bring the strength of longstanding customer relationships as well as their unique expertise in truckload and logistics segments to the Saia portfolio,” added O’Dell.
Headquartered in Duluth, GA., the Robart Companies have provided customers with truckload brokerage and logistics services since 1981.