Alcentra Provides Term Loan to Radiant Logistics
Alcentra Capital provided $10 million in a subordinated secured term loan to Radiant Logistics in support of its acquisition of Wheels Group.
Radiant is a non-asset based transportation and logistics company providing domestic and international freight forwarding services and an expanding array of value-added solutions, including customs and property brokerage, order fulfillment, inventory management and warehousing.
Bohn Crain, founder and CEO of Radiant, commented, “We are very excited to partner with the Wheels organization, which represents a service line and geographic expansion for both companies. We believe the acquisition further enhances the value proposition we offer our existing operating partners who will now have the opportunity to access a broad range of rail and truck brokerage capabilities in the U.S. and Canada while further differentiating us in the marketplace as we seek to attract additional operators to our platform.”