Radiant Logistics Acquires Highways and Skyways

• Tuesday, June 09th, 2015

Updates Preliminary Guidance for FYE June 30, 2016 with Adjusted EBITDA in the Range of $30.0 – 35.0 Million on $900.0 – $960.0 Million in Revenues


BELLEVUE, WA   June 9, 2015 – Radiant Logistics, Inc. (NYSE MKT: RLGT), a third-party logistics and multimodal transportation services company, today announced it has acquired Kentucky-based Highways and Skyways, Inc., a privately held company that provides a full range of domestic and international transportation and logistics services across North America.

Founded in 1987, Highways and Skyways  is located near the Cincinnati, Ohio airport (“CVG”) and services a wide range of accounts including but not limited to customers in the manufacturing, apparel, paper products, medical devices, consumer products and technology industries.  From inception through the date of acquisition, Highways and Skyways operated as an independent agency for Service By Air, an agent-based forwarding network acquired by Radiant yesterday. On a post-closing basis, Highways and Skyways will transition to the Radiant brand and operate as the CVG gateway supporting the Company’s 150+ company-owned and agency locations across North America and international partners around the world.

“We are proud to announce our partnership with Hank Gamm, David Scinta, Larry Widlowski and the entire CVG team,” remarked Radiant’s Founder and CEO, Bohn Crain. “We have purposefully positioned ourselves to bring value to logistics entrepreneurs like Hank, David and Larry and believe that the Highways and Skyways transaction is representative of the broader pipeline of opportunities available to us in the marketplace. We also believe the transaction is further validation of the strength of our value proposition in the marketplace, which is to bring new value to the agent based forwarding community by: (1) leveraging our status as a public company to provide our partners with an opportunity to share in the value they help create; (2) providing a robust platform in terms of people, process and technology which translates into better purchasing power with our vendors and more sophisticated technology solutions for our customers; and (3) offering a unique opportunity in terms of succession planning and liquidity for our station owners. In this regard, we are still very early in the process and believe we will have the opportunity to welcome a number of additional like-minded entrepreneurs who can benefit from the Radiant platform.”

Crain continued: “With the benefit of our recent acquisitions of Service By Air and Highways and Skyways we are also updating our preliminary guidance for our fiscal year ending June 30, 2016 and are projecting adjusted EBITDA in the range of $30.0 – $35.0 on $900.0 – $960.0 million in revenues.  This is before considering the benefit of an additional $1.0 – $1.5 million in cost synergies that we expect to capture as we work through the integration process during our fiscal year ended June 30, 2016. This is a particularly exciting time for us and we see even more opportunity on the horizon to deliver further revenue and earnings growth through a combination or organic and acquisition growth initiatives.  At the right place, at the right time with the right value proposition, we believe we remain uniquely positioned to deliver value for our operating partners, shareholders and the end customers we serve.” A reconciliation of adjusted EBITDA to net income, the most directly comparable GAAP measure, appears at the end of this release.

Hank Gamm, of Highways and Skyways commented, “We are thrilled about joining Radiant.   Through years of dedicated service, our customers have always remained our top priority whether they were here in U.S. or abroad.  This philosophy has been key to our success. We were looking for a long term partner with that same passion for servicing the customer and a shared vision to further advance our business and provide an opportunity for growth for our employees. We found that partner in Radiant. Radiant has a real appreciation for the needs for the local owner/entrepreneur and a clear and achievable plan for building a world-class logistics organization.  We are looking forward to leveraging our own strengths along with the capabilities of the Radiant network to bring additional value to our customers while enjoying the benefits of participating in an organization that, through its status as a public company, gives our team the opportunity to work as shareholders and participate in the value that we all help create.”  Mr. Gamm will continue as General Manager, Mr. Scinta as Sales Manager and Mr. Widlowski as Operations Manager for Radiant’s CVG location.

Investor Conference Call

Radiant will host a conference call for shareholders and the investing community on Tuesday, June 9, 2015 at 4:00 pm, ET to discuss the contents of the release. The call can be accessed by dialing (877) 407-8031, or (201) 689-8031 for international participants, and is expected to last approximately 30 minutes. Callers are requested to dial in 5 minutes before the start of the call. An audio replay will be available for one week after the teleconference by dialing (877) 660-6853, or (201) 612-7415 for international callers, and using conference ID number 13611777. The call will also be webcast and may be accessed via Radiant’s web site at http://radiantdelivers.com or through www.InvestorCalendar.com.

About Radiant Logistics (NYSE MKT: RLGT)

Radiant Logistics, Inc. (www.radiantdelivers.com) is a comprehensive North American provider of third party logistics and multimodal transportation services.  As a non-asset provider, with minimal investment in equipment, the company delivers advanced supply chain solutions through a network of company-owned and strategic operating partner locations across North America under the Radiant®, Wheels™, On-Time™, Airgroup®, Adcom®, Distribution By Air™ and Service By Air™ network brands.  Through its comprehensive service offering, Radiant provides domestic and international freight forwarding services, truck and rail brokerage services and other value-added supply chain management services, including customs brokerage, order fulfillment, inventory management and warehousing to a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.

Reconciliation of Non-GAAP Financial Measures to Preliminary Guidance

This press release contains certain non-GAAP financial measures as defined under the Securities Exchange Commission (“SEC”) rules such as adjusted net income, adjusted net income per share and earnings before interest, taxes, depreciation and amortization (“EBITDA”). We believe that supplemental disclosure of these amounts are important metrics used by management to evaluate and understand the performance of the ongoing operations of Radiant’s business that eliminates depreciation, amortization and certain other non-cash costs and other significant items that are not part of regular operating activities. This supplemental financial information is presented for informational purposes only and is not a substitute for the financial information presented in accordance with accounting principles generally accepted in the United States.  A reconciliation of adjusted net income, adjusted net income per share and adjusted EBITDA for the Company’s preliminary guidance for its pro forma fiscal year ending June 30, 2016 is as follows:

Click to View Financial Detail

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future operating performance, events, trends and plans. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements.  Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expects,” “intends,” “plans,” “projects,” “estimates,” “anticipates,” or “believes” or the negative thereof or any variation thereon or similar terminology or expressions. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause our actual results to differ from our expectations, include but are not limited to, the ability of Service By Air and Highways and Skyways following the acquisitions to maintain and grow their revenues  and operating margins in a manner consistent with their most recent operating results and trends, our ability to integrate Service By Air’s and Highways and Skyways’ operations with our historic operations, our ability to realize cost synergies through such integration, the effect that the acquisitions will have on Service By Air’s and Highways and Skyways’  existing customers and employees as well as those risk factors that apply to our operations as disclosed in Item 1A of  our Report on Form 10-K for the year ended June 30, 2014 and other filings with the Securities and Exchange Commission and other public documents and press releases which can be found on our web-site (www.radiantdelivers.com). Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. Such statements are not guarantees of future performance or events and we undertake no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances occurring after the date hereof.

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GEORGIA
Atlanta
Adcom Worldwide  (ATL)
5169 Southridge Parkway
Suite 106
College Park, GA
30349
T (404) 209-7071
F (404) 209-7603
Airgroup  (ATL)
4605 Coates Drive
Suite B
Fairburn, GA
30213
T (877) 821-7155
F (404) 941-1605
Distribution By Air  (ATL)
683 Atlanta South Parkway
Atlanta, GA
30349
T 877-991-2975
F 404-305-1629
MARYLAND
Baltimore
Distribution By Air  (BWI)
4711 Hollins Ferry Road
Suite 117
Baltimore, MD
21227
T 800-310-1033
F 410-863-1906
MINNESOTA
Bloomington
Radiant Global Logistics  (MSP)
396 American Blvd E
Bloomington, MN
55420
T 1-800-969-7928
Minneapolis
Airgroup  (MSP)
990 Lone Oak Road
Suite 122
Eagan, MN
55121
T (888) 463-8326
F (651) 681-0725
Distribution By Air  (MSP)
14575 Grand Avenue South
Burnsville, MN
55306
T 800-340-5097
F 952-378-2883
MASSACHUSETTS
Boston
Adcom Worldwide  (BOS)
240 William F. McClellan Hwy.
East Boston, MA
02128
T (800) 370-7700
F (617) 567-3968
Distribution By Air  (BOS)
256 Marginal street #3
Boston, MA
02128
T 800-999-3734
F 617-569-0040
CALIFORNIA
Burbank
Airgroup  (BUR)
26007 Huntington Lane
Suite #2
Valencia, CA
91355
T (800) 635-5726
F (661) 294-3996
Los Angeles
Adcom Worldwide  (LAX)
17727 S. SUSANA ROAD
RANCHO DOMINGUEZ, CA
90220
T (310) 928-7525
F (310) 410-0104
Airgroup  (LAX)
601 SOUTH FIGUERORA STREET
SUITE 4050
Los Angeles, CA
90017
T 213.623.2307
F 213.402.2409
Adcom Worldwide  (LAX)
International Services
19300 S. Hamilton Ave. Suite 195
Gardena, CA
90248
T (877) 288-4416
F (310) 216-9625
Distribution By Air  (LAX)
17727 SOUTH SUSANA ROAD
RANCHO DOMINGUEZ, CA
90220
F 310-886-5695
Radiant Global Logistics  (LAX)
1421 Charles Willard Street
Carson, CA
90746
T (866) 225-5289
F (310) 743-8347
Oakland
Airgroup  (OAK)
2138 Myrtle Beach Lane
Danville, CA
94526
T 925-406-4631
F 925-406-4634
SAN DIEGO
Adcom Worldwide  (SAN)
33830 CHANNEL STREET
TEMECULA, CA
92592
F 626-638-3296
Airgroup  (SAN)
5950 NANCY RIDGE DRIVE 100
SAN DIEGO, CA
92121
T 877-736-0339
F 858-750-1211
Sacramento
Adcom Worldwide  (SMF)
4300 Raley Blvd.
Sacramento, CA
95838
T (877) 700-2700
F (916) 922-6600
San Francisco
Adcom Worldwide  (SFO)
156 South Spruce Ave
Suite 211
South San Francisco, CA
94080
T (800) 219-9009
F (650) 871-7009
San Jose
Adcom Worldwide  (SJC)
4300 Raley Blvd
Sacramento, CA
95838
T (877) 700-2700
F (916)-922-6600
Airgroup  (SJC)
1972 HARTOG DRIVE
San Jose, CA
95131
T (877) 885-1840
F (408) 573-7600
Santa Ana
Adcom Worldwide  (SNA)
2346 E Walnut Avenue
Fullerton, CA
92831
T 714-870-7447
F 714-870-4647
ILLINOIS
Chicago
Radiant Global Logistics  (ORD)
610 Supreme Drive
Bensenville, IL
60106
F (847) 881-0881
Airgroup  (ORD)
610 Supreme Drive
Bensenville, IL
60106
T (800) 935-6588
F (847) 297-3985
Distribution By Air  (ORD)
1110 Lake Cook Road
Suite 245
Buffalo Grove, IL
60089
T 800-774-8376
F 847-215-0090
OHIO
CVG
Radiant Global Logistics  (CVG)
1150 Aviation Blvd.
Hebron, KY
41048
T 888-493-2744
F 859-371-8159
Cincinnati
Adcom Worldwide  (CVG)
1009 Sargent St.
Cincinnati, OH
45203
T (513) 241-4080
F (513) 241-3719
Airgroup  (CVG)
1512 Distribution Dr.
Burlington, KY
41005
T (859) 283-9890
F (859) 283-9903
Cleveland
Adcom Worldwide  (CLE)
16115 Puritas
Cleveland, OH
44135
F (216) 676-0042
Columbus
Airgroup  (CMH)
3616 Fisher Road, Docks 37-43
Columbus, OH
43228
T (888) 404-4446
F (877) 302-8947
SOUTH CAROLINA
Charleston
Airgroup  (CHS)
102 W 8th North St.
Unit E
Summerville, SC
29483
T (800) 541-6470
F (843) 871-4968
Greenville
Adcom Worldwide  (GSP)
150 West Phillips Road
Suite H
Greer, SC
29650
T (864) 848-2886
F (864) 848-2711
NORTH CAROLINA
Charlotte
Adcom Worldwide  (CLT)
1911-A Associates Lane
Charlotte, NC
28217
T (704) 405-0691
F (704) 329-0315
Airgroup  (CLT)
218 Sigel Rd.
Fort Mill, SC
29715
T (800) 613-5959
F (803) 548-2951
Distribution By Air  (CLT)
1800 Associates Lane
Suite G
Charlotte, NC
28217
T 980-224-8451
F 980-224-8454
TEXAS
Dallas/Ft. Worth
Airgroup  (DFW)
801 B Port America Pl.
Grapevine, TX
76051
F (817) 488-4840
Houston
Airgroup  (IAH)
2700 Greens Road
Bldg. K Ste 400
Houston, TX
77032
T (866) 449-7001
F (281) 449-0992
Laredo
Radiant Global Logistics  (LAR)
8917 MOLLY DR.
STE 2
LAREDO, TX
78045
T 855-205-4908
F 956-790-0231
Radiant Global Logistics  (LRD)
216 West Village Blvd.
Suite 301
Laredo, TX
78041-2322
T 888-759-2200
F 956-728-8338
McAllen
Adcom Worldwide  (MFE)
3620 W MILITARY HWY
McAllen, TX
78503
F 956-213-8625
San Antonio
Adcom Worldwide  (SAT)
9033 Aero Drive
Suite 200
San Antonio, TX
78217
T (210) 826-0860
F (210) 826-0064
COLORADO
Denver
Adcom Worldwide  (DEN)
16600 E 33rd Avenue
Unit 26
Aurora, CO
80011
T (888) 329-0702
F (303) 344-2302
Airgroup  (DEN)
14114 E. 100th Ln
Commerce City, CO
80022
T 855-550-6006
F 303-289-8082
Distribution By Air  (DEN)
11100 East 55th Avenue
Suite C
Denver, CO
80239
T 877-251-1791
F 303-783-4836
MICHIGAN
Detroit
Radiant Logistics Partners  (DTW)
25911 Northline Commerce Dr.
Suite 300
Taylor, MI
48180
T 800-521-1042
F 734-893-6645
OREGON
Eugene
Airgroup  (EUG)
24350 SE Bohna Park Road
Boring, OR
97089
T (800) 410-3454
F (503) 658-3569
Portland
Radiant Global Logistics  (PDX)
5440 SW Westgate Drive
Suite 325
Portland, OR
97221
T (800) 492-0107
F (503) 233-1522
FLORIDA
Fort Lauderdale
Adcom Worldwide  (FLL)
2640 Hollywood Blvd.
Suite 207
Hollywood, FL
33020
T 866-971-3247
F 954-927-4455
Distribution By Air  (FLL)
701 SE 32nd Court, Ste 205
Fort Lauderdale, FL
33316
F 954-527-1838
Miami
Airgroup  (AGE)
2500 NW 79TH AVE
SUITE 122/123
DORAL, FL
33122
T 305-909-2243
F 305-851-5222
Adcom Worldwide  (MIA)
1335 NW 98th Court
Suite 5 & 6
Doral, FL
33172
T (866) 612-3266
F (305) 471-4807
Orlando
Adcom Worldwide  (MCO)
6745 Tamarind Circle
Orlando, FL
32818
T (407) 219-4883
F (407) 857-4672
Airgroup  (MCO)
2425 E Landstreet Rd Ste 700
Orlando, FL
32824
T 407-855-7751
F 407-855-7775
Tampa
Adcom Worldwide  (TPA)
5901 Benjamin Center Dr.
Suite 105
Tampa, FL
33634
T (888) 887-3747
F (813) 864-6661
Airgroup  (TPA)
5919 Fitzgerald Road
Odessa, FL
33556
T (800) 982-5096
F (813) 876-6711
PENNSYLVANIA
Harrisburg
Airgroup  (MDT)
900 Calcon Hook Rd
STE: 8
Sharon Hill, PA
19079
T (888) 313-1350
F (610) 543-5588
Philadelphia
Airgroup  (PHL)
28 South Main Street
2nd Floor, Suite 1
Allentown, NJ
08501
T (800) 892-2133
F (855) 208-9576
Distribution By Air  (PHL)
677 West Dekalb Pike
Ste 350
King of Prussia, PA
19406
T 800-310-1033
F 410-863-1906
Radiant Global Logistics  (PHL)
514 Kaiser Drive
Folcroft, PA
19032
T 800-719-0001
F 610-586-5511
Pittsburgh
Adcom Worldwide  (PIT)
1407 Parkway View Dr.
Pittsburgh, PA
15205
T 877-787-1020
F 412-787-2222
Adcom Worldwide  (PIT)
1407 Parkway View Dr.
Pittsburgh, PA
15205
T 877-787-1020
F 412-787-2222
CONNECTICUT
Hartford
Adcom Worldwide  (BDL)
12 Cedar St.
Unit E
East Hartford, CT
06108
T (800) 536-2326
F (860) 216-6878
Distribution By Air  (BDL)
604 Hayden Station Road
Windsor, CT
06095
T 800-783-3015
F 860-683-8405
INDIANA
Indianapolis
Airgroup  (IND)
5700 Minnesota, A-3
Indianapolis, IN
46241
T 800-969-2567
F 317-244-2609
HAWAII
Kahului
Airgroup  (OGG)
283 Lalo Street
Unit 202
Kahului, HI
96732
T 808-877-0088
F 808-877-0080
MISSOURI
Kansas City
Distribution By Air  (MCI)
609 EAST 17TH STREET
Kansas City, MO
64108
T 888-248-3554
F 816-880-0022
St. Louis
Airgroup  (STL)
4555 James S McDonnell Blvd
St. Louis, MO
63134
T (888) 423-5938
F (314) 423-6008
NEVADA
Las Vegas
Airgroup  (LAS)
4050 West Sunset Road
Suite B
Las Vegas, NV
89118
T (800) 688-6909
F (702) 798-8026
Reno
Airgroup  (RNO)
4348 Loreto Lane
Reno, NV
89502
T (530) 402-9108
F (775) 657-8649
ARKANSAS
Little Rock
Distribution By Air  (LIT)
1601 Westpark Drive
Suite 4C
Little Rock, AR
72204
F 501-725-4901
TENNESSEE
MEM
Radiant Global Logistics  (MEM)
4320 Executive Drive
Suite 200
Southaven, MS
38672
NEW HAMPSHIRE
Manchester
Airgroup  (MHT)
125 Aviation Avenue
Suite 5
Portsmouth, NH
03801
T 866-344-4248
F 603-431-1621
WISCONSIN
Milwaukee
Airgroup  (MKE)
3383 East Layton Avenue
2nd Floor
Cudahy, WI
53110
T (414) 481-6161
F (414) 481-5920
NEW YORK
New York City
Adcom Worldwide  (JFK)
145 Hook Creek Blvd
Bldg B6B 2nd Floor
Valley Stream, NY
11581
T (800) 221-6020
F (516) 593-1635
Radiant Global Logistics  (JFK)
222 Crossways Park Drive
Woodbury, NY
11797
T 888-456-6602
F 718-995-0821
D.C. Metro
Northern Virginia
Airgroup  (BWI)
44190 Waxpool Rd.
Ste. 177
Ashburn, VA
20147
T (800) 297-6845
F (703) 483-8566
Washington DC
Adcom Worldwide  (DCA)
5655-D General Washington Dr
Alexandria, VA
22312-2403
T (800) 486-7447
F (703) 684-3925
OKLAHOMA
OKLAHOMA CITY
Adcom Worldwide  (OKC)
4020 Will Rogers Parkway
Suite 600
OKLAHOMA CITY, OK
73108
T 855-711-1111
F 405-516-1363
Tulsa
Adcom Worldwide  (TUL)
10514 E PINE STREET
TULSA, OK
74116
T 800-585-8326
F 918-688-0329
Airgroup  (TUL)
160 S 122nd East Avenue
Tulsa, OK
74128
T (800) 934-3243
F (918) 438-0263
NEBRASKA
Omaha
Airgroup  (OMA)
11516 Nicholas Street
Suite 303
Omaha, NE
68154
T 888-665-7284
F 402-451-7822
Distribution By Air  (OMA)
5404 N 99th St.
Omaha, NE
68134
T 402-346-1141
F 402-346-1161
ARIZONA
Phoenix
Radiant Global Logistics  (PHX)
733 W. 22nd St
Tempe, AZ
85282
F 480-634-0834
Airgroup  (PHX)
1425 West 12th Place
Suite 101
Tempe, AZ
85281
T (800) 279-4250
F (480) 921-8635
Distribution By Air  (PHX)
3235 E Jackson
Phoenix, AZ
85034
T 877-446-1141
F 866-832-1161
Tuscon
Airgroup  (TUS)
1254 South Avienda Sirio
Tucson, AZ
85710
T 520-901-0306
F 520-300-5246
UTAH
Salt Lake City
Adcom Worldwide  (SLC)
5106 West Amelia Earhart Drive
Unit C
Salt Lake City, UT
84116
T (866) 364-3512
F (801) 364-3503
Distribution By Air  (SLC)
3588 Crab Apple Circle
Taylorsville, UT
84129
T 801-955-4778
F 801-955-4790
Ontario
Toronto
Adcom Worldwide  (YYZ)
142 Commerce Park Drive
Barrie, ON
L4N 8W8
T (905) 565-5755
F (905) 565-8332
Airgroup  (YYZ)
50 Fasken Drive
Unit 22
Toronto, ON
M9W 1K5
T (800) 263-1975
F (416) 640-0363
British Columbia
Vancouver BC
Airgroup  (YVR)
19130 24th Avenue
Unit 101-103
Surrey, BC
V3S 3S9
T (800) 800-9536
F (604) 538-7122
KANSAS
Wichita
Airgroup  (ICT)
100 S Market St.
Suite 2G
Wichita, KS
67202
T 316-413-6111
F 316-755-9833
NEW JERSEY
Woodbridge
Radiant Global Logistics  (EWR)
10 Woodbridge Center Drive
Ste 1010
Woodbridge, NJ
07095
T 800-272-1379
F 732-874-7001
Radiant Headquarters
405 114th Ave SE
Third Floor
Bellevue, WA 98004
Toll Free: (800) 843-4784
Local: (425) 462-1094
Fax: (425) 462-0768