Roadrunner Transportation Systems Announces Merger with Prime Logistics Corporation
Washington, D.C., September 2011 — HCI Equity Partners announces that Roadrunner Transportation Systems, Inc. (NYSE: RRTS), one of its portfolio companies which is a leading asset-light transportation and logistics services provider, has closed its merger with Prime Logistics Corporation (“Prime”).
Prime is a non-asset based provider of logistics and freight consolidation services. Prime leads its industry sector in providing value and service to its customers, which are predominately comprised of food producers who ship over 1.0 billion pounds of product to numerous retailers, distributors, and warehouses on an annual basis. Prime’s services are provided from state-of-the-art facilities comprising over 2.0 million square feet and include freight consolidation, inventory management, warehousing, order fulfillment, and related LTL and truckload services.