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Radiant Logistics Acquires Strategic Operating Partner Cascade Enterprises Of Minnesota, Inc.

PRIVATEOct 05, 2022

Acquiring Company

Radiant Logistics (NYSE American

Acquired Company

TURMALINA METALS CORP.

TransportationLogisticsOtherMiningMineral

Description

Radiant Logistics, Inc. (NYSE American: RLGT), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has acquired the operations of Cascade Enterprises of Minnesota, Inc. ("Cascade"), a Minneapolis, Minnesota based, privately held company that has operated under the Company's Airgroup brand since 2007. The Company structured the transaction similar 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.

Quick answer

Radiant Logistics (NYSE American is acquiring TURMALINA METALS CORP., announced October 5, 2022.

Who acquired TURMALINA METALS CORP?
Radiant Logistics (NYSE American agreed to acquire TURMALINA METALS CORP. on October 5, 2022.
How much did Radiant Logistics (NYSE American pay for TURMALINA METALS CORP?
The deal value was not disclosed.
What does Radiant Logistics (NYSE American do?
Radiant Logistics, Inc. (www.radiantdelivers.com) is a publicly traded third party logistics company providing technology-enabled global transportation and value added logistics solutions primarily to customers based in..

Source: Fundz verified event record.

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Company Information

Company

Radiant Logistics (NYSE American

About

Radiant Logistics, Inc. (www.radiantdelivers.com) is a publicly traded third party logistics company providing technology-enabled global transportation and value added logistics solutions primarily to customers based in the United States and Canada. Through its comprehensive service offering, Radiant provides domestic and international freight forwarding along with truck and rail brokerage services to a diversified account base including manufacturers, distributors and retailers which it supports from an extensive network of Radiant and agent-owned offices throughout North America and other key markets around the world. Radiant's value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management and technology services. 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 performance of our historic business at levels consistent with recent trends and reflective of the synergies we believe will be available to us as a result of our recent acquisitions; and 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, 2021 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. SOURCE Radiant Logistics, Inc.

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Frequently asked

Who acquired TURMALINA METALS CORP.?

TURMALINA METALS CORP. was acquired by Radiant Logistics (NYSE American. The deal was reported on October 5, 2022. Radiant Logistics, Inc. Radiant Logistics (NYSE American is privately held and operates in Transportation.

When did Radiant Logistics (NYSE American acquire TURMALINA METALS CORP.?

Radiant Logistics (NYSE American's acquisition of TURMALINA METALS CORP. was reported on October 5, 2022. Radiant Logistics, Inc. (NYSE American: RLGT), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has acquired the operations of Cascade Enterprises of Minnesota, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does TURMALINA METALS CORP. do?

Turmalina Metals is a TSXV-listed exploration company focused on developing our portfolio of high-grade gold-copper-silver projects in South America. Our focus is on tourmaline breccias, a deposit style overlooked by many explorers. It is publicly traded (TBXXF), operating in Other.

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