CHIEF Capital Leads Growth Investment in Guardian Fleet Services; Guardian Acquires Emerald Transportation and Sapp's Wrecker Service

February 21, 2023

Chartwell Investments Entrepreneur & Founder Capital (CHIEF Capital) led a growth investment into Guardian Fleet Services, with financing and co-investment support from Source Capital, Backcast Partners and Morgan Stanley Private Credit. Guardian used proceeds to merge and acquire Emerald Transportation (Pompano Beach, FL) and Sapp's Wrecker Service (Savannah, GA), expanding Guardian's footprint to 23 locations and strengthening its towing, recovery and specialized transportation fleet across Florida and Georgia.

Buyers
Chartwell Investments Entrepreneur & Founder Capital (CHIEF Capital), Source Capital (SCCO IV), Backcast Partners, Morgan Stanley Private Credit
Targets
Guardian Fleet Services, Emerald Transportation, Sapp's Wrecker Service
Sellers
Jennings family, Sapp family
Platforms
Guardian Fleet Services
Industry
Trucking & Fleet
Location
Florida, United States
Transaction Type
Growth capital

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