Denver, CO – Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed an investment in Transport Investments, Inc. (“Transport” or the “Company”).
Transport, headquartered in Pittsburgh, PA and formed in 1986, is an asset-light transportation and logistics company focused on providing flatbed, drop-deck, specialized and heavy-haul trucking and brokerage services in the U.S., Canada, and Mexico. The Company transports or arranges transport of heavy and over-dimensional freight for large and high growth end markets serving the energy, infrastructure, manufacturing and industrial sectors. The Company has been consistently ranked by industry publications in the top 12 flatbed and heavy specialized trucking companies in the U.S. and handles nearly 100,000 loads annually through its extensive fleet of owner-operators, drive-away contractors, and approved third party carriers.
“We are excited to partner with the experienced Transport management team to support the Company’s continued growth in the high value specialty logistics market,” noted Simon Bachleda, Managing Partner of Revelstoke. “With its significant owner-operator and agent base, we believe that the Transport platform represents a compelling opportunity to invest in an attractive niche in the transportation and logistics industry and are confident in the management team’s ability to further solidify its position as a leader in the market. Transport is well-positioned to accelerate its organic growth as well as pursue acquisitions that will further expand its trucking, brokerage and third party logistics service offerings and geographic coverage.”
“When we started the process of looking for an equity partner, a primary goal was to find a group with solid industry knowledge, sound business and ethical values and a proven track record. We are pleased to partner with Revelstoke, who also shares our commitment to outstanding agent and owner-operator relationships and customer service,” said Doug McAdams, CEO of Transport. “There is a great deal of consolidation going on in the trucking industry. With Revelstoke’s support, Transport will continue to be a strong platform for growth through acquiring other trucking and logistics companies while we continue to make investments that will further strengthen our capabilities and the value-added services we bring to our agents and customers.”
Transport represents the third platform company investment by Revelstoke Capital Partners. Revelstoke has completed acquisitions totaling approximately $294 million in enterprise value since inception.
Winston & Strawn LLP acted as exclusive legal advisor to Revelstoke. Raymond James served as exclusive financial advisor, and Benesch, Friedlander, Coplan & Aronoff LLP, acted as exclusive legal advisor to Transport in the transaction.
Based in Pittsburgh, PA, TII is an asset-light transportation and logistics company that transports or arranges transport of heavy and over-dimensional freight for large and high growth end markets serving the energy, infrastructure and industrial sectors.
Revelstoke is a private equity firm formed by experienced investors who focus on building exceptional industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build industry-leading companies and generate superior investment returns for management owners and investor partners. Revelstoke’s Managing Partners, Mark King, Dale Meyer and Simon Bachleda, have more than six decades of combined private equity investing and capital formation experience having completed more than 100 platform and add-on acquisitions, representing more than $6 billion of total enterprise value.
Mark King, Managing Partner: 303-953-5100
Simon Bachleda, Managing Partner: 303-953-3098
Dale Meyer, Managing Partner: 303-953-3094