Expedition, Tecum and Ironwood Capital Recapitalize Cox Transportation Services

Prospect Partners and Tecum Capital Recapitalize Blackwood Solutions

June 16, 2022

Logistics & Distribution

Prospect Partners led a recapitalization of Blackwood Solutions, a Bloomington, Indiana-based electric utility services and specialty transportation provider, partnering with management. Tecum Capital provided a subordinated debt facility and equity co-investment, while O2 Sponsor Finance provided senior debt financing to support the transaction.

Cox Transportation Services Acquires Outwest Express

December 21, 2022

Transportation

Cox Transportation Services has acquired Outwest Express, a Texas-based truckload carrier specializing in Mexican cross-border logistics, adding more than 400 tractors and 1,200 trailers to Cox's network. The deal was completed alongside a majority recapitalization of Cox led by Expedition Capital Partners and Prudential Private Capital to support continued platform growth.

Tecum Capital and Expedition Capital Recapitalize BP Business Solutions

July 13, 2021

Environmental Services

Tecum Capital Partners and Expedition Capital Partners led a majority recapitalization of BP Business Solutions, partnering with CEO Lou Pellegrino and management, who retained meaningful ownership. The investors will provide growth capital to accelerate BP's expansion (including potential strategic add-on acquisitions), broaden in-house equipment rental offerings, and support national growth of the company's asset-light managed waste, recycling and facilities services.

Tecum Capital and ESI Complete Minority Recapitalization of Hainesport Transportation Group

November 13, 2023

Environmental Services

Tecum Capital led a minority recapitalization of Hainesport Transportation Group (HTG), co-investing alongside Dickson Suit and Environmental Services Investors (ESI), with Comerica providing senior debt. The investment will provide growth capital and strategic support to expand HTG's vertically integrated waste logistics platform across the Northeast U.S.

Post Capital Partners and Management Acquire Smith Transportation Services

February 5, 2019

Logistics & Distribution

Post Capital Partners partnered with Smith Transportation's existing management team (Steve Smith, Bill Nichols, Jeff Maser and Christine Postlmayr) — with participation from Executive Partner Sam Woodward — to acquire Smith Transportation Services, a Sunrise, Florida-based third-party logistics and brokerage provider. Patriot Capital Group provided a unitranche debt facility and equity co-investment to support the buyout; Post Capital said the investment will fund technology investments, geographic expansion of its Load-to-Ride (LTR) offering and potential tuck-in acquisitions.

Equity Group Investments Recapitalizes East Coast Warehouse & Distribution; Seacoast Capital Exits

February 3, 2022

Logistics & Distribution

Equity Group Investments has recapitalized East Coast Warehouse & Distribution (ECW), a temperature-controlled 3PL headquartered in Elizabeth, New Jersey, enabling Seacoast Capital to exit its non-control growth investment. Seacoast originally invested in 2018 (co-investing with Everside Capital Partners); terms of the recapitalization were not disclosed. ECW operates extensive refrigerated and ambient warehouse capacity and provides drayage, trucking, brokerage and customs exam services at major East Coast ports.