Roadrunner Transportation Systems Inc., a direct long-haul shipping company with nationwide presence, has acquired majority ownership by Prospero Staff Capital. The deal is co-led by Ted Kellner, founder of Fiduciary Management and Roadrunner CEO Chris Jamroz.
Founded in 1984, Roadrunner expanded rapidly through acquisitions before discovering significant accounting errors. After a management overhaul, the company moved its headquarters from Cudahy to Illinois in 2017.
Jamroz has been CEO since 2019. Prospero Staff Capital is part of LyonIX Holdings, an investment company with diverse holdings, including transportation and logistics, real estate, infrastructure, and cybersecurity. The transaction marks a new growth phase for Roadrunner, driven by new capital, strategic investments, and acquisitions.
Source: https://biztimes.com/private-equity-fund-led-by-fiduciary-management-founder-ted-kellner-acquires-roadrunner-transportation-systems