Saia, Inc. Announces Acquisition of Brokerage and 3PL Business

Mon Jul 2, 2012 12:01pm EDT

* Reuters is not responsible for the content in this press release.

  JOHNS CREEK, GA, Jul 02 (Marketwire) -- 
Saia, Inc. (NASDAQ: SAIA), a leading multi-regional less-than-truckload
(LTL) carrier, announced today that it has acquired Robart
Transportation, Inc. and its subsidiary, The RL Services Group, LLC (the
Robart Companies). Headquartered in Duluth, GA, the Robart Companies have
provided customers with quality truckload brokerage and logistics
services since 1981. 

    "This acquisition supports our strategic goal of diversifying our
portfolio of service offerings," said Saia President and CEO Richard
O'Dell. "Sharon Burton, who currently serves as president and CEO of the
non-asset based company, will continue to lead the operations of the
acquired companies."

    In 2011, the Robart Companies had $12 million in revenue. The purchase
price is approximately $7.8 million, plus an earnout subject to
performance of the acquired companies in 2013. The acquisition is
expected to be modestly accretive to Saia earnings. Saia intends to
rebrand the Robart Companies under the Saia name in the fourth quarter of
2012.

    "By enhancing our service capabilities, there are distinct advantages for
our customers," stated O'Dell. "I believe this acquisition will provide
solid growth opportunities. The Robart Companies bring the strength of
longstanding customer relationships as well as their unique expertise in
truckload and logistics segments to the Saia portfolio. We are very
excited to welcome Robart's employees and customers to Saia." 

    Saia, Inc. (NASDAQ: SAIA) is a less-than-truckload provider of regional,
interregional and guaranteed services covering 34 states. With
headquarters in Georgia and a network of 148 terminals, the carrier
employs 8,200 people. For more information, please visit the Investor
Relations section of the website at www.saia.com.

    The Securities and Exchange Commission encourages companies to disclose
forward-looking information so that investors can better understand the
future prospects of a company and make informed investment decisions.
This news release contains these types of statements, which are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.

    Words such as "anticipate," "estimate," "expect," "project," "intend,"
"may," "plan," "predict," "believe," "should" and similar words or
expressions are intended to identify forward-looking statements.
Investors should not place undue reliance on forward-looking statements
and the Company undertakes no obligation to publicly update or revise any
forward-looking statements. All forward-looking statements reflect the
present expectation of future events of our management as of the date of
this news release and are subject to a number of important factors,
risks, uncertainties and assumptions that could cause actual results to
differ materially from those described in any forward-looking statements.
These factors, risks, assumptions and uncertainties include, but are not
limited to, general economic conditions including downturns in the
business cycle; the creditworthiness of our customers and their ability
to pay for services; competitive initiatives and pricing pressures,
including in connection with fuel surcharge; the Company's need for
capital and uncertainty of the current credit markets; the possibility of
defaults under the Company's debt agreements (including violation of
financial covenants); possible issuance of equity which would dilute
stock ownership; indemnification obligations associated with the 2006
sale of Jevic Transportation, Inc.; the effect of litigation including
class action lawsuits; cost and availability of qualified drivers, fuel,
purchased transportation, real property, revenue equipment and other
assets; governmental regulations, including but not limited to Hours of
Service, engine emissions, the "Compliance, Safety, Accountability" (CSA)
initiative, compliance with legislation requiring companies to evaluate
their internal control over financial reporting, changes in
interpretation of accounting principles and Homeland Security; dependence
on key employees; inclement weather; labor relations, including the
adverse impact should a portion of the Company's workforce become
unionized; effectiveness of Company-specific performance improvement
initiatives; terrorism risks; self-insurance claims and other expense
volatility; increased costs as a result of recently enacted healthcare
reform legislation and other financial, operational and legal risks and
uncertainties detailed from time to time in the Company's SEC filings. As
a result of these and other factors, no assurance can be given as to our
future results and achievements. A forward looking statement is neither a
prediction nor a guarantee of future events or circumstances and those
future events or circumstances may not occur.

    

CONTACT:
Saia, Inc.
Renee McKenzie
Treasurer
RMcKenzie@Saia.com
678.542.3910 

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