Roadrunner Transportation Systems, Cudahy, WI, announced that it has acquired R&M Transportation and Sortino Transportation, both based in Omaha, NB, for approximately $24.4 million, plus an earn-out capped at $5 million.
R&M and Sortino are both refrigerated truckload carriers that utilize a combination of independent contractors and a fleet of company-owned trailers. In 2011, R&M and Sortino together generated revenues of approximately $64.5 million.