Radiant Logistics acquires 80% ownership interest in Weport

Radiant Logistics (RLGT) announced it has acquired an 80% ownership interest in 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. 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.