Roadrunner Transportation Systems acquires Bruenger Trucking Company
Washington, D.C., May 2011 — HCI Equity Partners announces that Roadrunner Transportation Systems, Inc. (NYSE: RRTS), one of its portfolio companies, has acquired all of the outstanding stock of Bruenger Trucking Company, a provider of truckload services based in Wichita, Kansas. Bruenger transports primarily refrigerated product throughout the United States, utilizing a combination of independent contractors and a modern fleet of company-owned equipment. The acquisition was financed with borrowings under Roadrunner’s amended and expanded credit facility.
The acquisition of Bruenger broadens RRTS' geographic coverage and expands its capacity network. Bruenger’s Midwest presence and East/West traffic will also enable RRTS to more effectively cross-sell its truckload services. In addition, Bruenger brings superior service and safety records to Roadrunner, together with solid, long-term customer relationships. Bruenger’s principal former owner and experienced management team will remain in place and are excited about the growth opportunities as a combined company.