Radiant Logistics (a leading provider of technology-enabled global transportation and value-added logistics solutions) announced it has acquired Select Logistics and Select Cartage, both Doral, Florida-based, privately held companies that have operated as part of its Adcom Worldwide brand since 2007.
The company structured the transaction similarly to its previous transactions, with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operations.
Originally launched in 2007 and operated by Gabby Santos and Hector Cavallo, Select provides domestic and international freight forwarding services and is well recognized for its expertise and in-depth knowledge, and support of the cruise line industry. On a post-closing basis, Select is expected to transition to the Radiant brand and combine with existing company-owned operations in South Florida.
Gabby Santos will assume the role of General Manager for the newly combined organization – which will continue to develop and deliver advanced supply chain solutions for their cruise line and other customers. And Hector Cavallo will be moving on to pursue outside interests.
KEY QUOTES:
“Through years of dedicated service, our entire team here in Florida has developed some very strong relationships with our customers, vendors and associates around the globe. Our customers have always remained our top priority whether they were here in the United States or abroad and this philosophy has been key to our success. We were happy when Radiant acquired Adcom Worldwide back in 2008 and are looking forward to flying the Radiant flag ourselves here in Florida. Radiant has consistently provided an environment for us to grow our business over the years and it has been rewarding to be a part of the building momentum of the Radiant network. We are excited to now transition our business in a way that meets our own personal goals while also ensuring the continued success of our customers and employees.”
– Gabby Santos of Select
“The Select transaction and our long-standing partnership with Gabby and Hector represents another significant milestone in the continued evolution of Radiant. We launched Radiant in 2006 with the goal of partnering with logistics entrepreneurs who would benefit from our unique value proposition and the built-in exit strategy available to the entrepreneurs participating in our network. We are pleased to be able to support both Hector and Gabby in this transition and are excited for this next chapter with Gabby and the team in Florida.”
– Radiant’s Founder and CEO, Bohn Crain
