Transport Capital Partners recently conducted a Business Expectations Survey of carriers nationwide in Feb 2009. Download the results here.
Transport Capital Partners is pleased to have assisted in a transaction between U.S. Xpress Enterprises and Smith Transport, Inc., in wich U.S. Xpress will acquire 47 percent interest in Smith Transport. View the full article.
Transport Capital Partners announced the acquisition of James Brown Contracting, Inc by Navigation Capital Partners in a press release on May 14, 2008. Transport Capital Partners assisted in the sale of the dedicated freight carrier to the Atlanta based Equity Company. With 500 trucks and more than 3,000 trailers, Brown is the leading dedicated freight transportation provider to the paper and packaging industry.
Transport Topics quoted Lana Batts in two separate articles on consolidations in the truckload industry, noting in 2008, “There will be some mergers and acquisitions with good companies being bought, but bad ones will just drop out.”
Lana Batts spoke at the American Trucking Association’s annual meeting in Dallas, Texas. She discussed recent merger and acquisition activities in the trucking industry, as well as the new inflow of money from private equity companies. She was also quoted in the November 6, 2006, Transport Topics about the presentation.
Lana Batts spoke at the National Accounting & Finance Council’s annual meeting in Washington, DC. She discussed what buyers and sellers are looking for in an acquisition.
Transport Topics published an editorial opinion entitled “Looking for Liquidity in 2006” co-authored by Richard Mikes and Lana Batts. The piece discussed the reasons why certain executives are selling their companies and what types of carriers buyers are seeking.
American Shipper discusses the recent acquisition of North American Van Lines, by Gainey Transportation Services. Transport Capital Partners assisted with the transaction and says that Gainey plans to keep the flatbed business operating out of Fort Wayne. Click here for more information.
Richard Mikes participated on a panel at the Transportation Intermediaries Association’s annual meeting in Miami, FL. Mikes commented on the “perfect storm,” which is creating the environment for increased merger and acquisition activity in 2005.
Lana Batts participated in a panel at the Mid-America Truck Show, sponsored by Newport Communications and held in Louisville, KY. She spoke about the factors in 2005 that are creating a climate for increased merger and acquisition activity.