Oppenheimer Acted as Exclusive Financial Advisor for Roadrunner
- April 16, 2020
Oppenheimer & Co. Inc. acted as Exclusive Financial Advisor to Roadrunner Transportation Systems, Inc. ("Roadrunner") on its sale of Prime Distribution Services, Inc. ("Prime") to C.H. Robinson Worldwide, Inc. ("C.H. Robinson"). Prime is one of the largest retail consolidators in the US, operating as an asset-light logistics services provider for consumer packaged goods companies selling into retailers. Prime operated as a subsidiary of Roadrunner, the diversified logistics and LTL and TL transportation services provider. Roadrunner viewed the divestiture of Prime as a unique opportunity to improve its balance sheet and simplify its offering portfolio.
For more information please contact:
Managing Director & Group Head
Fred Larsen
212-667-6459
Fred.Larsen@opco.com
Executive Director
Jonathan Lasker
212-667-8253
Jonathan.Lasker@opco.com
DISCLOSURES
This notice is provided for informational purposes only, and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. Nothing contained herein shall constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited.
This notice may contain statistical data cited from third-party sources believed to be reliable, but Oppenheimer & Co. Inc. does not represent that any such third-party statistical information is accurate or complete, and it should not be relied upon as such. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice.
2020 Oppenheimer & Co. Inc. Transacts Business on all Principal Exchanges and Member SIPC