RADIANT LOGISTICS ACQUIRES 80% OWNERSHIP STAKE IN MEXICO-BASED WEPORT
Strengthens North America Platform and Positions for Further Growth
RENTON, Wash., Sept. 2, 2025 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has acquired an 80% ownership interest in Weport, S.A. de C.V. ("Weport"), a Mexico-based, privately held company that provides a full range of global transportation and logistics solutions tailored to the needs, specifications, and regulations for a variety of industries and clients from around the world. The Company structured the acquisition of its 80% interest in Weport 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, along with the right to purchase the remaining 20% stake of the business in the future.
Founded in 2016 and headquartered in Mexico City, Weport provides national coverage for goods moving to and from the country with services including international ocean and airfreight forwarding services, multi-modal domestic services, along with customs brokerage, warehousing and a number of other value added services. On a post-closing basis, Weport will continue under the leadership of founder Ricardo Rochman with the expectation that the company will transition to the Radiant brand over the course of 2026. Post-closing, Ricardo Rochman and the Weport team will continue to bring their personalized and proactive solutions approach to current and prospective customers while supporting the broader Radiant Network with their global transportation and logistics needs in Mexico. Ricardo will report to Randy Briggs, Radiant's SVP of International Services.
Ricardo Rochman of Weport commented, "Throughout our history, we have built strong and lasting relationships with our clients and business partners, based on trust and commitment to excellence and customer satisfaction. We were looking for a long-term partner with that same passion for servicing the customer and a shared vision to further advance our business, while also providing an opportunity for growth for our employees. I am excited for the opportunity to leverage our own strengths along with the capabilities of the larger Radiant network to bring additional value to our customers, while supporting the broader Radiant Network here in Mexico."
"We are excited to announce our partnership with Ricardo and the entire Weport team," remarked Radiant's Founder and CEO, Bohn Crain. "We have been looking for the right next transaction to complement the Radiant network and solidify our capabilities in Mexico and we found it in Weport. In addition to supporting Radiant's legacy and prospective customers across Mexico, Weport is well positioned to serve as a platform to help us continue to scale our North American footprint."
About Radiant Logistics (NYSE:RLGT)
Radiant Logistics, Inc. (www.radiantdelivers.com) 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.
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future operating performance, events, trends and plans. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause our actual results to differ from our expectations, include but are not limited to, the performance of our historic business at levels consistent with recent trends and reflective of the synergies we believe will be available to us as a result of our recent acquisitions; and those risk factors that apply to our operations as disclosed in Item 1A of our Report on Form 10-K for the year ended June 30, 2024 and other filings with the Securities and Exchange Commission and other public documents and press releases which can be found on our web-site (www.radiantdelivers.com). Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. Such statements are not guarantees of future performance or events and we undertake no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances occurring after the date hereof.
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SOURCE Radiant Logistics, Inc.