Follow-On Offering

Industrial
Follow-On Offering

Summary

Baird served as the lead bookrunner on this offering

About

Roadrunner Transportation Systems, Inc. (“Roadrunner” or the “Company”) (NYSE: RRTS), a portfolio company of HCI Equity Partners, recently completed a follow-on offering of 4,945,000 shares of common stock at a price of $27.00 per share, generating gross proceeds of approximately $133.5 million. A total of 1,500,000 shares were sold by the Company and 3,445,000 shares were sold by selling stockholders. Roadrunner will not receive any proceeds associated with the shares sold by the selling stockholders. The Company expects to use the net proceeds of $38.0 million that it receives from the offering to repay a portion of the outstanding indebtedness under its revolving line of credit and for other general corporate purposes.

Roadrunner is a leading asset-light transportation and logistics service provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and logistics, transportation management solutions, intermodal solutions, freight consolidation, inventory management, expedited services, international freight forwarding, customs brokerage, and comprehensive global supply chain solutions. The Company is headquartered in Cudahy, Wisconsin

For additional information about this transaction, please contact:

Steve Booth (414) 298-7661
Lance Lange (414) 765-7079
Adam Czaia (414) 298-7358
Tyler Pace (312) 609-4672
David Silver +44 (0) 207 667 8216
Industrial
Follow-On Offering
Date
August 2013
Company
Roadrunner Transportation Systems, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

Share