While the terms of the transaction were not disclosed, Renton, Washington-based Radiant (NYSE: RLGT) indicated that a portion of the purchase price will be contingent on Transcon’s future performance. In 2024, Transcon generated $75 million in revenue, with earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million. Radiant reported $35.8 million in adjusted EBITDA over the past year, achieving a high of over $80 million annually before the recent freight recession.

“By solidifying our international capabilities in key gateway markets like Los Angeles, New York, and Chicago, we expect this transaction to create a flywheel effect as we introduce Transcon’s customer base to our larger suite of services, including our inland transportation options and Navegate, our global trade management platform,” said Radiant founder and CEO Bohn Crain in a news release.

Transcon will be integrated into the Radiant brand throughout 2025, with Transcon President Terry Lynch transitioning to the role of vice president of global network development at Radiant. “I am excited for the opportunity to leverage our strengths along with the capabilities of the larger Radiant network to bring additional value to our customers, while introducing the Radiant organization to our robust international agent network,” Lynch stated.

Radiant closed its fiscal second quarter on December 31 with approximately $20 million in cash, minimal debt, and no outstanding balance on a $200 million credit facility. The company has completed eight acquisitions in less than 18 months, further expanding its footprint in the logistics industry.