C.H. Robinson plans to buy Prime Distribution Services for $225 million in cash

C.H. Robinson is entering into a definitive agreement to acquire Roadrunner Transportation’s Prime Distribution Services— Prime. The agreement is subject to regulatory approval and certain customary closing conditions.C.H. Robinson plans to purchase Prime for approximately $225 million in cash. The acquisition is expected to be slightly accretive in 2020 and will be financed through cash on hand and funds drawn from C.H. Robinson’s existing credit facilities. Prime had $108.7 mi