Radiant Logistics' buy of Wheels Group backed by mezzanine funders
Radiant Logistics Inc (NYSE: RLGT) has agreed to purchase Wheels Group Inc (TSXV: WGI), a third party logistics provider headquartered in Mississauga, Ontario. The cash and stock transaction is valued at $95 million and is expected to be completed later this year. Radiant, a U.S. transportation and logistics company, said the acquisition will be funded in part by a US$25 million subordinated secured term loan from Alcentra Capital Corp and Triangle Capital Corp. Integrated Private Debt Fund IV LP, which is managed by the private debt group of Integrated Asset Management Corp, will also commit a $29 million senior secured term loan.
20 January 2015•10 mins read
