For Immediate Release
We are excited to announce the acquisition of Navegate, Inc. by Radiant Logisitics, Inc.
Navegate, Inc., a Mendota Heights, Minn.-based technology-enabled logistics and supply chain management company, was acquired by Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multi-modal transportation services company of Renton, Wash. As part of the transaction, which closed on Dec. 3, Radiant acquired all of Navegate’s stock for $35 million.
“On behalf of Chad Bickett, chief operations officer, Zac Herness, chief product and technology officer, and the entire Navegate and Centrade company, we are very excited to be a part of the Radiant Logistics team,” said Joe Pelletier, president of Navegate. “Radiant Logistics affords Navegate and Centrade the opportunity to continue its mission of transforming digital supply chains for customers across the United States and throughout the world. It has been a very difficult time for many importers across the country, and this transaction will give Navegate and Centrade the needed scale and infrastructure to meet those demands for more customers.”
Following the transaction, Navegate will continue to operate as a subsidiary of Radiant Logistics, Inc., led by Joe Pelletier, president of Navegate, and Chad Bickett, chief operations officer. In addition to expanding its organic account base, Navegate will create cross-selling potential for Radiant as it connects its global trade management services with Radiant’s 100+ operating locations and expanded client base.
Mendota Heights, Minnesota (December 6, 2021)
Navegate is a technology-enabled supply chain management and third-party logistics (3PL) services provider, combining a powerful digital platform with decades of experience to manage international, cross-border, and domestic freight. Navegate’s combination of digital solutions, customs brokerage capabilities, and comprehensive international and domestic services substantially reduce costs while improving compliance and risk mitigation for its customers.
About Radiant Logistics:
Radiant Logistics, Inc., (www.radiantdelivers.com) headquartered in Renton, Wash., provides third-party logistics and multi-modal transportation services. Radiant provides domestic and international freight forwarding services, truck and rail brokerage services, and other value-added supply chain management services to a diverse account base that includes manufacturers, distributors, and retailers through a network of independent carriers and international agents.