The American logistics company Radiant Logistics, Inc. has entered into an agreement to acquire a company in the freight forwarding sector Focus Logistics, Inc. (under the brand Service By Air). This is reported in a Radiant press release.
The financial terms of the transaction were not disclosed. As part of the deal, Focus Logistics will be integrated into Radiant's operations and rebranded as Radiant.
The deal is in line with Radiant's strategy to expand operations in the logistics sector in Detroit, Michigan. The company has previously completed five acquisitions as part of strategic growth initiatives amid an expected market recovery and plans to continue investing in technology and network expansion.
Radiant and Service By Air have been cooperating in a strategic partnership since 2015 on the basis of a broad platform for business development in the shipbuilding and aerospace industries.
Radiant Logistics, Inc. is an American logistics company in the field of global transportation for customers in the United States and Canada. The company provides domestic and international cargo transportation, as well as automotive and customs brokerage services through Radiant's extensive network and offices in North America and other key markets. The headquarters is located in Renton, Washington.
Focus provides freight forwarding services for the shipbuilding and aerospace industries. The headquarters is located in Romulus (Michigan).
Read also in our Telegram channel "Mergers and acquisitions. AK&M».
