Radiant Logistics, Inc. (NYSE American: RLGT) has announced the acquisition of an 80% ownership stake in Weport, S.A. de C.V., a Mexico-based company specializing in global transportation and logistics solutions. This strategic move aims to strengthen Radiant's presence in North America and support further growth. The acquisition is structured with a portion of the purchase price tied to future performance, and Radiant retains the option to acquire the remaining 20% of Weport in the future. Ricardo Rochman of Weport expressed enthusiasm for the partnership, highlighting a shared commitment to customer service and growth opportunities for employees. Bohn Crain, founder and CEO of Radiant, emphasized that the acquisition will solidify their capabilities in Mexico and help expand their North American footprint.
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