Aleutian Capital Group Closes Another M&A Advisory Transaction
Isla International Ltd., a provider of cross-border transportation and logistics services between the United States and Mexico, has been acquired by Radiant Logistics, Inc. Transaction solidifies Aleutian's investment banking leadership in the transportation industry.
NEW YORK, March 8, 2012 /PRNewswire/ -- Aleutian Capital Group is pleased to announce the successful sale of Isla International Ltd. to Radiant Logistics, Inc. Aleutian served as the exclusive sell-side M&A advisor to Isla International. Through the acquisition, Radiant adds important new international capabilities for its existing customers at over 100 North American locations. The transaction closed in December, 2011 and is valued at up to $15 million plus an undisclosed significant amount associated with closing working capital. Caltius Mezzanine provided $10 million in subordinated debt in support of the transaction. Including Isla's contribution, Radiant projects an annualized run rate of $310 million in revenue and $13 million in EBITDA for the current year.
Founded in 1996, Isla provides bilingual expertise in both north and south bound cross-border transportation and logistics services to a diversified account base including manufacturers in the automotive, appliance, electronics and consumer packaged goods industries. Isla, headquartered in Laredo, Texas, was a franchise of the Unishippers Global Logistics system. Isla's operating area covers several counties in southern Texas and all of Mexico, including the important land ports of Laredo, Del Rio and Eagle Pass.
Jonathan Fuller of Isla International commented, "James Sterling and the rest of the Aleutian team worked tirelessly for Isla to ensure the sales effort was successful. Through their marketing process, multiple strategic and financial buyers bid actively for the company and we were able to choose a buyer that provided the best combination of attractive terms and high potential strategic value."
Radiant Logistics, Inc., a non-asset based logistics company, provides domestic and international freight forwarding services through a network which includes company-owned and exclusive agent offices across North America. In addition to domestic and international freight forwarding, Radiant provides supply chain management services including order fulfillment, inventory management and warehousing. The company's network extends to over 100 stations across North America, serving a diversified customer base including manufacturers, distributors and retailers.
About Aleutian Capital Group
Aleutian Capital Group is a New York investment bank serving sellers and buyers of companies throughout North and South America, Asia and Europe. Aleutian provides particular expertise in the technology, e-commerce, aviation, aerospace, healthcare, transportation, telecom, energy and industrial manufacturing industries. Services include merger and acquisition advisory, growth capital raises, valuations, recapitalizations and assisting with management buy-outs. The firm also conducts direct principal investing through its Aleutian Capital Partners division. Please visit our website www.aleutiancapital.com for more information.
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