Radiant Logistics, Inc. acquired Operations of Cascade Enterprises of Minnesota, Inc.
October 30, 2022
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Radiant Logistics, Inc. (NYSEAM:RLGT) acquired Operations of Cascade Enterprises of Minnesota, Inc. on October 1, 2022. The Company structured the transaction similar to its previous transactions, with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operations. Cascade will continue to operate under the Airgroup brand through the remainder of 2022 and is expected to transition to the Radiant brand in early 2023 as Cascade is combined with existing Company owned operations in the Minneapolis area.
Radiant Logistics, Inc. (NYSEAM:RLGT) completed the acquisition of Operations of Cascade Enterprises of Minnesota, Inc. for $5.2 million on October 1, 2022.
Radiant Logistics, Inc. operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services in the United States and Canada. It provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base, including manufacturers, distributors and retailers that have agent-owned offices throughout North America and other markets around the world. Its value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services. It serves various industries, such as consumer goods, food and beverage, electronics and high-tech, aviation and automotive, military and government, and manufacturing and retail customers. As a third-party logistics provider, its primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods.
RADIANT LOGISTICS, INC. 
