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Radiant Logistics has acquired Seattle-based non-asset-based Cascade Transportation third logistics provider announced on June 3.
The acquisition expands Radiant’s presence in the retail, e-commerce, furniture manufacturing and trade show markets, the company said. Terms of the deal were not disclosed.
Cascade’s current leadership will continue to manage the business, which will operate as Radiant Global Logistics after the deal closes, according to the release.
Information from The Federal Motor Carrier Safety Administration presents Cascadea private company, operated five power plants, employed five drivers and carried general and air freight.
Cascade’s David Comstock said the company has been looking for a long-term partner who shares its vision to take the business forward.
“We are excited to now transition the business in a way that ensures the continued success of our customers and employees, while providing an opportunity for growth as part of a larger organization moving forward,” said Comstock.
Radiant Logistics founder and CEO Bohn Crain said the acquisition represents a broader set of opportunities.
“We are pleased to support Cascade in this transition and are excited about this next chapter with David and the entire team,” Crain said in a statement.
Radiant noted this recently appetite for acquisitions, especially those that provide geographic and purchasing leverage as well as others that complement its operations, per quarterly reporting in May. In April, Radiant acquired the operations of Minnesota-based Viking Worldwide.