These services are delivered through the Company's proprietary global trade management software platform that includes advanced purchase order and vendor management tools and has been recognized by Inbound Logistics' 'Top 100 List of Information Technology Providers' over the past several years.īased on historic financial statements provided by its management, Navegate generated approximately $5.9 million in normalized EBITDA on approximately $88.0 million in revenues for the twelve months ended September 30, 2021. Navegate's team of international and domestic logistics experts deliver world-class, tech-enabled logistics services, including customs brokerage, international ocean and air freight forwarding, domestic truck brokerage, drayage and transload services. The transaction is valued at $35.0 million, subject to certain hold-back provisions and working capital adjustments as of the closing date.įounded in 1969, Navegate is headquartered in Mendota Heights, Minnesota ( Twin Cities) with offices in Addison, Illinois ( Chicago) and Shanghai, China. ('Navegate' or the 'Company'), a Minnesota based, privately held company that combines its robust digital platform and team's expertise to manage international, cross border, and domestic freight from purchase order to final delivery.

(NYSE MKT: RLGT), a third-party logistics and multi-modal transportation services company, today announced it has acquired Navegate, Inc.

Radiant logistics