Radiant Logistics, Inc. (NYSE American: RLGT), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has acquired the operations Focus Logistics, Inc. (“Focus”), a Michigan based, privately held company with operations in Romulus, Michigan that has operated under the Company’s Service By Air brand since 2006. 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.
Originally founded in 2003 and operated by Terrie Evans and Cliff Kisielewski, Focus provides both domestic and international freight forwarding services in support of the marine, aerospace, brand management and trade show industries. On a post-closing basis, Focus is expected to transition to the Radiant brand and will combine with existing company owned operations in the Detroit area and operate under the leadership of Cliff Kisielewski who will assume the role of General Manager for the newly combined organization. Terrie Evans will be transitioning into a well-deserved retirement after over 30 years of service in the transportation industry.
Cliff Kisielewski of Focus commented, “Through years of dedicated service, customers have always remained our top priority whether they were here in the United States or abroad and this philosophy has been key to our success. Since Radiant acquired Service By Air back in 2015 they have proved to be a great partner, providing us a much larger platform to support and grow our business. It has been rewarding to be a part of the building momentum of the Radiant network over the years and we are excited to now transition the business in a way that meets our own personal goals while also ensuring the continued success of our customers and employees.”
“The Focus transaction represents yet another great example of our work with our strategic operating partners,” remarked Radiant’s Founder and CEO, Bohn Crain. “We launched Radiant in 2006 with the goal of partnering with logistics entrepreneurs who would benefit from our unique value proposition and the built-in exit strategy available to the entrepreneurs participating in our network. We are pleased to be able to support Terrie and Cliff in this transition and are excited for this next chapter with Cliff leading our combined operations in Detroit.”
Source: Radiant Logistics
