BB&T Capital Markets Serves as a Joint-Bookrunner on Radiant Logistics, Inc.’s Follow-On Equity Offering
BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a global logistics and transportation provider in the third quarter of 2015, helping to raise over $51 million for our client.
The Company intends to use the net proceeds from this offering for repayment of indebtedness under its revolving credit facility, as well as general corporate purposes. Total gross proceeds include the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 1,000,000 shares.
About the Companies
Radiant Logistics is a comprehensive North American provider of third party logistics (“3PL”) and multimodal transportation services. On April 8th, 2015 Radiant Logistics acquired Wheels Group, one of the largest 3PL and truck brokerage providers in Canada.
Logistics & Transportation Services
BB&T Capital Markets' Logistics & Transportation Group provides M&A, capital raising and corporate banking services to companies in the logistics and transportation industry, including third-party logistics providers (freight forwarding, contract warehousing, truck brokerage), trucking (truckload and LTL), marine transportation (inland barge and international shipping), railroads, transportation equipment and waste services. BB&T’s Logistics & Transportation Corporate Banking Team manages in excess of $2.1 billion of assets, comprised by more than 50 industry relationships. The team specializes in delivering corporate finance and equipment finance solutions to industry participants spread across all sectors of the transportation industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.