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Roadrunner Announces Agreement to Sell its Prime Distribution Services Business to C.H. Robinson

Roadrunner Transportation Systems, Inc., a leading asset-right transportation and asset-light logistics service provider, announced it has signed a definitive agreement for the sale of its Prime Distribution Services business to C.H. Robinson Worldwide, Inc. for $225 million in cash, subject to customary purchase price adjustments. The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close by the end of the first quarter. Oppenheimer & Co. Inc. acted as financial advisor and Debevoise & Plimpton LLC served as legal advisor to Roadrunner on the transaction.