Radiant(US:RLGT) Prnewswireยท2025-03-03 21:24Core Viewpoint - Radiant Logistics, Inc. has acquired Transcon Shipping Co., Inc., enhancing its international capabilities in key gateway locations such as Los Angeles, New York, and Chicago [1][4]. Company Overview - Radiant Logistics is a publicly traded third-party logistics company that provides technology-enabled global transportation and value-added logistics solutions primarily in the U.S. and Canada [5]. - Transcon Shipping, founded in 1997, specializes in ocean freight forwarding and has developed a significant ocean import business from the transpacific [2]. Financial Performance - Transcon generated approximately $4.0 million in normalized EBITDA on revenues of about $75.0 million for the year ending December 31, 2024 [3]. Strategic Implications - The acquisition is expected to create synergies by combining Transcon's operations with Radiant's existing services, enhancing the overall service offering to customers [4]. - Terry Lynch, the leader of Transcon, will continue to support Radiant's international growth initiatives as VP of Global Network Development [3].