Radiant Logistics Acquires California-Based Forwarder Transcon Shipping

Radiant Logistics, Inc. (NYSE American: RLGT), a leading provider of technology-enabled global transportation and value-added logistics solutions, has announced the acquisition of Transcon Shipping Co., Inc. (Transcon), a California-based, privately held company specializing in ocean freight forwarding services. The acquisition strengthens Radiant's international capabilities in strategic gateway locations, including Los Angeles, New York, and Chicago.

Transcon, founded in 1997, has developed significant ocean import business from the transpacific, including buyer consolidation services, less-than-container-load (LCL), full container loads (FCL), and special projects, including over-dimensional cargo. The company leverages a robust international agent network to service globally recognized customers in attractive industries such as furniture, recreational automotive, food, and consumer goods. 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.

Radiant 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. Founder and CEO of Transcon, Terry Lynch, will continue to support Radiant's international growth initiatives as VP of Global Network Development and will report to Randy Briggs, Radiant's SVP International Services.



The acquisition brings valuable industry-specific expertise in furniture, recreational automotive, food, and consumer goods verticals, all sectors with complex logistics requirements. Transcon's buyer consolidation services are particularly valuable for retailers and manufacturers sourcing from multiple Asian suppliers, allowing Radiant to offer more comprehensive upstream supply chain solutions. The integration of Transcon's international agent network expands Radiant's global reach without the capital investment of establishing new offices, essentially providing an instant expansion of their service footprint.

Radiant's Founder and CEO, Bohn Crain, commented on the partnership, "We are excited to announce our partnership with Terry, Josephine Leung, Michael Husslein, Chris Cervana, and the entire Transcon team. We have been looking for the right next transaction to complement the Radiant network, and we found it in Transcon. In addition to solidifying our international capabilities in the key gateway markets of Los Angeles, New York, and Chicago, we expect this transaction will create an interesting fly-wheel effect as we introduce Trancon's customer base to our larger suite of services, including our inland transportation capabilities and Navegate, our global trade management platform."

Radiant Logistics, Inc. (www.radiantdelivers.com) (NYSE American: RLGT) is a publicly traded third-party logistics company providing technology-enabled global transportation and value-added logistics solutions primarily to customers based in the United States and Canada. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base including manufacturers, distributors, and retailers which it supports from an extensive network of Radiant and agent-owned offices throughout North America and other key markets around the world. Radiant's value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management, and technology services.

In conclusion, Radiant Logistics' acquisition of Transcon Shipping represents a strategic expansion of its international freight forwarding capabilities in key gateway markets. The deal brings significant financial contributions with Transcon generating $75 million in revenue and $4 million in normalized EBITDA for 2024, which equates to a healthy 5.3% EBITDA margin. The transaction structure follows Radiant's established pattern of performance-based payments, reducing upfront capital requirements while aligning incentives for post-acquisition performance. From an operational perspective, the integration of Transcon's specialized ocean freight services significantly enhances Radiant's service portfolio, creating cross-selling opportunities with both companies' existing customer bases. The retention of key Transcon leadership, particularly Terry Lynch transitioning to VP of Global Network Development, preserves important client relationships and operational expertise. The planned integration into Radiant's existing operations in Los Angeles, New York, and Chicago should enable cost synergies through consolidated facilities and administrative functions while maintaining service continuity. This acquisition significantly strengthens Radiant's transpacific shipping capabilities at a critical time when supply chain diversification and resilience remain top priorities for many businesses.