Radiant Logistics acquires operations of Daleray, terms not disclosed

Radiant Logistics announced it has acquired the operations of Daleray Corporation, a Fort Lauderdale, Florida based, privately held company that has operated under the company’s Distribution By Air brand since 2014. The company structured the transaction 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. Originally founded in 2003 and operated by Ray Fulford and Dale Kloss, Daleray provides both domestic and international freight forwarding services and is well recognized for its expertise and in-depth knowledge and support of the cruise line industry.