Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

May 2010


Roadrunner Transportation Systems, Inc.
Initial Public Offering
$154.1 Million


Baird served as the sole bookrunner of this offering.


Roadrunner Transportation Systems, Inc. (“RRTS” or the “Company”) (NYSE:RRTS) recently completed an initial public offering of 10,600,644 shares of its common stock at a price of $14.00 per share. Of the shares offered, 9,000,000 were sold by RRTS and 1,600,644 were sold by minority shareholders of the Company. The offering generated approximately $148.4 million of gross proceeds for RRTS. The Company intends to use the net proceeds from the offering to reduce existing indebtedness. The underwriters will have the option to purchase up to an additional 1,590,096 shares to cover over-allotments.

RRTS, a portfolio company of Thayer | Hidden Creek, is a leading non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, third-party logistics and transportation management solutions, and domestic and international air. The Company provides its non-asset based transportation and logistics services to over 35,000 customers in all 50 U.S. states in addition to Mexico, Puerto Rico, and Canada.

The Baird team included our dedicated industry bankers and members of our Equity Capital Markets group.

For additional information about this transaction, please contact:
Co-Head Global Equity Capital Markets/Director of Investment Banking
(414) 298-7661
Managing Director
(312) 609-4965
Director
(414) 298-7013
Co-Head of Equity Capital Markets/Director of Institutional Equity Services
(414) 765-7345

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