Radiant Logistics buying New Jersey firm for $12M

. Posted in News

 

Bellevue-based Radiant Logistics (OTC bulletin board: RLGT), which is a domestic and international logistics services company, said in a statement that the deal includes paying $5.4 million cash, $4.8 million in seller notes payable over the next three years, and $1.8 million in milestone payments.

DBA, which operates under the trade name Distribution By Air, operates logistics centers in New Jersey and Los Angeles, and generated $91.6 million in revenues in the past year.

Distribution By Air will operate as a wholly owned subsidiary of Radiant Logistics.

 

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JEM Logistics Services Ltd, Inc. is a full service freight forwarder handling cargo worldwide.

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