Debevoise & Plimpton LLP is advising Roadrunner Transportation Systems, Inc. (NYSE: RRTS) in its sale of its Prime Distribution Services business to C.H. Robinson Worldwide, Inc. (Nasdaq: CHRW) for $225 million in cash. For more information, please see Roadrunner’s press release.
Roadrunner is a leading asset-right transportation and asset-light logistics provider offering a full suite of services and solutions under the Roadrunner®, Active On-Demand® and Ascent Global Logistics® brands. Prime Distribution Services provides a comprehensive suite of retail consolidation solutions, with five food grade warehouse facilities strategically located across the nation and is a part of Roadrunner’s Ascent Global Logistics segment. C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With nearly $20 billion in freight under management and 18 million shipments annually, C.H. Robinson is one of the world’s largest logistics platforms.
The Debevoise team is led by M&A partner Kevin Schmidt and includes M&A associates Benjamin Collins-Wood and Vishaal Sharma, tax partner Rafael Kariyev and associate Gregory Arutiunov and benefits counsel J. Michael Snypes Jr.