NEWS
RADIANT LOGISTICS ACQUIRES TEXAS-BASED FOUNDATION LOGISTICS
Radiant Logistics (NYSE American: RLGT) has acquired Foundation Logistics & Services, a Texas-based company specializing in transportation and logistics for the oil and gas industry. The acquisition strengthens Radiant's capabilities in supporting the oil and gas sector, particularly in handling hazardous materials and urgent oilfield equipment. Foundation, founded in 2014, will continue operating under its current name before transitioning to the Radiant brand in 2025. The deal structure includes performance-based payments in subsequent periods. This strategic move expands Radiant's service offerings and geographical presence, particularly in the Humble, Texas area, which holds personal significance for Radiant's CEO, Bohn Crain.
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