Radiant Logistics, an American logistics company, has acquired Transcon Shipping, a California-based, privately held company that offers ocean freight forwarding services.
Radiant said it structured the transaction similar to its previous transactions, with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operations.
Based on historic financial statements provided by its management, Transcon generated approximately $4.0 million in normalized EBITDA on approximately $75.0 million in revenues for the calendar year ended December 31, 2024.
On a post-closing basis, Transcon is expected to transition to the Radiant brand over the course of 2025 and will combine with existing company owned operations in Los Angeles, New York and Chicago.
Transcon's Terry Lynch will continue to support the Radiant's international growth initiatives as VP of Global Network Development and will report to Randy Briggs, Radiant’s SVP International Services.
