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5th Annual European Life Sciences Supply Chain Summit

03/12/2014 - 04/12/2014, Mercure, Amsterdam City

The Life Sciences SCM Summit is the only event that brings together all segments of the life sciences supply chain. Every year, senior supply chain executives from pharmaceuticals manufacturers, medical devices manufacturers and hospital groups attend for elite, interactive peer discussions in an open environment.

Roadrunner to Acquire Active Aero Group

Roadrunner Transportation Systems has announced that it has entered into a definitive merger agreement to acquire Active Aero Group

Based in Belleville, Mich., Active Aero is a highly regarded supply-chain solutions provider focused on transportation logistics for customers with sensitive or time-critical freight, principally in the United States and Mexico. The total purchase price is approximately $115 million in cash and will be funded with borrowings under Roadrunner’s credit facility. The transaction is expected to close by the end of Roadrunner’s 2014 third quarter, subject to customary closing conditions.

Active Aero is recognized as a leading provider of ground and air expedited services, uniquely supported by its spot bid technology and controlled capacity. Active Aero’s procurement system and multi-modal offering enables it to provide customers with the most advantageous and cost efficient means of meeting their time-critical logistics needs.

Mark DiBlasi , President and CEO of Roadrunner, said, “As we have indicated, the ability to provide air and ground expedited services to meet customers’ total transportation needs has been a key strategic objective for Roadrunner. Active Aero’s strong position in the marketplace is based upon the high quality of its service offering and personnel and its unique blend of expedited services. As a result, we believe Active Aero represents an ideal match with our strategy and an excellent platform for growth in expedited services globally.”

Patrick McKay , Roadrunner’s President of Truckload Logistics, added, “Active Aero’s leadership team, led by Dave Schembri , is highly respected and capable of leading significant growth in expedited services in the United States and capitalizing on the accelerating demand in Mexico. Additionally, we expect to be able to complement each other through utilization of our combined network and the expanded services we collectively bring to our customers.”

Dave Schembri , CEO of Active Aero, said, “The Active Aero leadership group is extremely excited to join Roadrunner. From our initial meeting with the Roadrunner team, we were very impressed by our similar cultures and shared values, including providing superior customer service at the best value. This combination provides both organizations expanded growth opportunities while enhancing career opportunities for our employees.”

Active Aero generated total revenues of approximately $265 million for the last twelve months ended June 30, 2014 and is expected to be accretive to earnings beginning in the fourth quarter of 2014. Assuming the transaction closes in the third quarter of 2014 as anticipated, transaction costs will impact Roadrunner’s 2014 third quarter earnings per share by approximately two cents.

5th Annual European Life Sciences Supply Chain Summit

03/12/2014 - 04/12/2014, Mercure, Amsterdam City

The Life Sciences SCM Summit is the only event that brings together all segments of the life sciences supply chain. Every year, senior supply chain executives from pharmaceuticals manufacturers, medical devices manufacturers and hospital groups attend for elite, interactive peer discussions in an open environment.