Red Arts Capital and Prudential Private Capital Acquire Granite Creek's Stake in Sunset Pacific Transportation
July 21, 2022
Red Arts Capital and Prudential Private Capital acquired Granite Creek Capital Partners' minority equity stake and repaid subordinated debt in Sunset Pacific Transportation as part of a recapitalization. The transaction preserves Red Arts’ partnership with Sunset Pacific and brings additional capital to expand the carrier’s service capacity following prior growth and the acquisition of Radius Logistics.
- Buyers
- Red Arts Capital, Prudential Private Capital
- Targets
- Sunset Pacific Transportation
- Sellers
- Granite Creek Capital Partners, L.L.C.
- Industry
- Logistics & Distribution
- Location
- California, United States
- Transaction Type
- Recapitalization
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