CHICAGO, Jan. 13, 2006 (PRIMEZONE) -- TransCapital, Inc. (TransCap), an internationally renowned Merger and Acquisition firm whose mission is to assist corporations, create and sustain a competitive advantage in their business transactions and strategic planning, has completed the strategic and financial advisement of Airgroup Corporation, a Washington based business. TransCapital, Inc. has advised and consulted Airgroup Corporation in the divesture of outstanding shares of common stock to Radiant Logistics, Inc. (OTCBB:RLGT). The transaction was valued at up to $14.0 million, consisting of cash of $9.5 million paid at closing with an additional $4.5 million payable over the next five years in a combination of cash and Company stock based on the future performance of Airgroup.
"I consider this to be one of the defining moments for TransCapital, Inc.," said Peter Cahill, founder of TransCap. "This transaction represents new parallels in the transportation industry, combining the wherewithal of an established platform freight forwarding operation and the Wall Street smarts of Radiant Logistics CEO, Bohn Crain. The model created should reshape the logistics industry by allowing maximum customer efficiency and offering a complete turnkey solution for all to follow."
About TransCapital, Inc.
TransCapital, Inc.'s goal is to be not only an advisement arm to an organization but to be a trusted partner that continues long after the transaction has been completed. "We see this time and time again from our clients," says Peter Cahill. "Bonds are created, trust builds and we cherish the relationship that we have with our customers. We become family."
TransCap's mission is to help the best organizations make precise improvements in their direction and performance by generating breakthrough ideas for the business world. "I feel we have accomplished this with Airgroup Corporation," says Cahill.
TransCapital, Inc. www.transcapinc.com is an internationally renowned Merger and Acquisition firm. Within a global economy, organizations are growing through mergers and acquisitions to expand operations abroad and retain competitiveness. The complexity of current business transactions often makes it difficult to grasp all angles of risk management, which requires, most often, the skills of an expert intermediary advisor.
TransCap continually strives to obtain deep insight into what drives our clients' business processes to recognize the dynamics of a competitive organization and the need to position themselves accordingly. We see the essence of our work within three guiding principles: Research, Thoroughness, and Trust.