RADIANT LOGISTICS ACQUIRES 80% OWNERSHIP STAKE IN MEXICO-BASED WEPORT

Rhea-AI Summary

Radiant Logistics (NYSE American: RLGT) has acquired an 80% ownership stake in Weport, a Mexico-based global transportation and logistics solutions provider. Founded in 2016 and headquartered in Mexico City, Weport offers comprehensive services including international ocean and airfreight forwarding, multi-modal domestic services, customs brokerage, and warehousing.

The acquisition structure includes performance-based payments and the right to acquire the remaining 20% stake in the future. Weport will continue operating under founder Ricardo Rochman's leadership and plans to transition to the Radiant brand during 2026. The strategic move strengthens Radiant's North American platform and enhances its capabilities in Mexico.

Positive

• Strategic expansion into Mexican market strengthening North American presence
• Acquisition includes performance-based payment structure, reducing upfront capital requirements
• Retention of experienced leadership team with Ricardo Rochman continuing to lead operations
• Addition of comprehensive service offerings including ocean/airfreight forwarding, customs brokerage, and warehousing

Negative

• Future performance-based payments could increase acquisition costs
• Integration and branding transition risks during 2026 rebranding period
• Potential regulatory and operational risks in Mexican market

Insights

M&A and International Expansion Strategist

Radiant Logistics' acquisition of Weport expands its North American footprint and strengthens its Mexico operations with complementary logistics capabilities.

Radiant Logistics' 80% acquisition of Mexico-based Weport represents a strategic expansion of its North American logistics platform. The transaction follows Radiant's established acquisition model, with part of the purchase price contingent on future performance and an option to acquire the remaining 20% stake later.

Weport, founded in 2016, provides comprehensive logistics solutions including international ocean and airfreight forwarding, multi-modal domestic services, customs brokerage, and warehousing across Mexico. This acquisition directly addresses Radiant's stated goal of finding "the right next transaction to complement the Radiant network and solidify our capabilities in Mexico."

The deal creates three strategic advantages: 1) Enhanced service capabilities for Radiant's existing customers requiring Mexico logistics, 2) Access to Weport's established customer base, and 3) A platform for further North American expansion.

Operationally, Weport will maintain leadership continuity with founder Ricardo Rochman remaining at the helm while reporting to Radiant's SVP of International Services. The company will transition to the Radiant brand during 2026, indicating a deliberate integration approach that preserves Weport's established customer relationships while gradually incorporating it into Radiant's broader network.

This acquisition aligns with industry consolidation trends where larger logistics providers expand geographic coverage and service capabilities through strategic acquisitions rather than organic growth alone. For Radiant, Weport delivers immediate Mexico market presence with established customs expertise and infrastructure—critical advantages in cross-border logistics where regulatory knowledge creates significant competitive barriers.

Strengthens North America Platform and Positions for Further Growth

RENTON, Wash., Sept. 2, 2025 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a leading provider of technology-enabled global transportation and value added logistics solutions, today announced it has acquired an 80% ownership interest in Weport, S.A. de C.V. ("Weport"), a Mexico-based, privately held company that provides a full range of global transportation and logistics solutions tailored to the needs, specifications, and regulations for a variety of industries and clients from around the world. The Company structured the acquisition of its 80% interest in Weport 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, along with the right to purchase the remaining 20% stake of the business in the future.

Founded in 2016 and headquartered in Mexico City, Weport provides national coverage for goods moving to and from the country with services including international ocean and airfreight forwarding services, multi-modal domestic services, along with customs brokerage, warehousing and a number of other value added services. On a post-closing basis, Weport will continue under the leadership of founder Ricardo Rochman with the expectation that the company will transition to the Radiant brand over the course of 2026. Post-closing, Ricardo Rochman and the Weport team will continue to bring their personalized and proactive solutions approach to current and prospective customers while supporting the broader Radiant Network with their global transportation and logistics needs in Mexico. Ricardo will report to Randy Briggs, Radiant's SVP of International Services.

Ricardo Rochman of Weport commented, "Throughout our history, we have built strong and lasting relationships with our clients and business partners, based on trust and commitment to excellence and customer satisfaction. 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, while also providing an opportunity for growth for our employees. I am excited for the opportunity to leverage our own strengths along with the capabilities of the larger Radiant network to bring additional value to our customers, while supporting the broader Radiant Network here in Mexico."

"We are excited to announce our partnership with Ricardo and the entire Weport team," remarked Radiant's Founder and CEO, Bohn Crain. "We have been looking for the right next transaction to complement the Radiant network and solidify our capabilities in Mexico and we found it in Weport. In addition to supporting Radiant's legacy and prospective customers across Mexico, Weport is well positioned to serve as a platform to help us continue to scale our North American footprint."

About Radiant Logistics (NYSE American: RLGT)

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, 2024 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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SOURCE Radiant Logistics, Inc.

FAQ

What percentage stake did Radiant Logistics (RLGT) acquire in Weport?

Radiant Logistics acquired an 80% ownership stake in Weport, with the right to purchase the remaining 20% stake in the future.

When was Weport founded and where is it headquartered?

Weport was founded in 2016 and is headquartered in Mexico City, Mexico.

What services does Weport provide in Mexico?

Weport provides international ocean and airfreight forwarding services, multi-modal domestic services, customs brokerage, warehousing and other value-added services.

When will Weport transition to the Radiant brand?

Weport is expected to transition to the Radiant brand over the course of 2026.

Who will lead Weport after the acquisition?

Ricardo Rochman, Weport's founder, will continue to lead the company and will report to Randy Briggs, Radiant's SVP of International Services.