Norman Clarke No Comments

Clarke Team Current Projects

2018 has been a great year for the value of transportation companies, and the fourth quarter of this year continues the trends. The Clarke team is representing the following:

$45 million MW Refrigerated Carrier, Sell Side

$15 million SE Flatbed Carrier, Sell Side

$16 million TX Flatbed Carrier, Sell Side

$15 million Last Mile Delivery, Distressed Sale

SW based Cooling Technology Company, Debt and Equity Capital Formation

$20 million MW Logistics Company, Sell Side

$18 million MW Intermodal Company, Sell Side

$16 million MW Intermodal Company, Sell Side

$70 million TX Carrier, Sell Side

$34 million MW Refrigerated Carrier, Buyside Services

Norman Clarke No Comments

CVF Invests in OffSpec Solutions

CVF Capital Partners (“CVF”), a Sacramento, CA based private equity firm, announced on September 21, 2018 that it has made a $6 million investment in Off Spec Solutions, LLC (“Off Spec Solutions” or “the Company”), a leading over-the-road trucking company servicing customers throughout the on Pacific Northwest and the Intermountain West. Daniel and Chris Salvador, co-founders and CEO and COO respectively, elected to partner with CVF to help finance Off Spec’s growth initiatives and will continue in their roles as day-to-day management of the Company.

Founded in 2009 and based in Nampa, Idaho, Off Spec Solutions is a leading over-the-road trucking company with tech-enabled enterprise transportation and freight brokerage solutions. The Company currently helps provide the transportation needs of leading food manufacturers and Ag producers throughout the western U.S. Off Spec Solutions’ proprietary technology platform, Dispatch Assistant®, enables the company to optimize their transportation deliveries, reduce transportation costs, ensure on-time deliveries, and effectively manage the complex supply chains of their customers.

The American Trucking Association summarized the role of trucking best, calling it the “literal lifeblood of the U.S. economy”. Trucking is the physical backbone of the food and Ag industries, together with e-commerce and person-to-person shipments accounting for over 70% of total freight tonnage. In the US alone, spending on overland logistics reached over $700 billion in 2017.

Daniel Salvador, Off Spec’s CEO and co-founder, commented, “The Off Spec Solutions’ team is very excited to partner with CVF as we enter the next stage of the Company’s growth. We believe there is a significant market opportunity available and are positioned to capture it with CVF’s support. We look forward to building our business both organically and through acquisitions, while continuing to deliver best-in-class solutions to our regional and national customers.”

Chris Salvador, Off Spec’s COO and co-founder, mentioned, “We continue to develop deep relationships with our growing customer base. We look forward to growing with them and providing their over-the-road trucking needs long into the future.” He continued, “The Company is well-positioned to benefit from the region’s continued economic expansion, which has fueled the sector’s growth and created increasingly complex supply chains.”

CVF Managing Partner, José Blanco, added, “CVF is the ideal financial partner for the Salvadors and Off Spec given our longstanding interest in the sector and deep expertise in industrials, transportation, and logistics.” He continued, “Our investment in Off Spec Solutions aligns well with our mission to partner with companies that benefit from strong macroeconomic tailwinds and have clear opportunities to achieve above-market growth. We are excited to partner with such a high-quality company led by an exceptional, purpose-driven management team.”

Norman Clarke No Comments

New Projects for the Clarke Team

Staying busy is a good thing…

Funded a $5 million debt line for an AZ based concrete construction company.

Sold a Montana based transportation company.

Under LOI, a Midwest based Intermodal Carrier.

In the market;  a NW based Intermodal Carrier,   a Midwest based General Freight Carrier,   a Manufacturer of Electric Trucks,   an AZ based HVAC company and   a CA based Refrigerated Carrier.

The Team is doing great work!

 

Catherine Synan No Comments

Transportation Logistics Projects

Projects in the past year both current and closed:

a, Recapitalization of a $90 million general freight carrier. / Delivered Term Sheet for $20 million in new debt and mezz debt financing.

b. Sale of a 3PL warehousing / LTL / Brokerage company. / LOI delivered and in process

c. Sale of a LA based liquid food grade bulk hauler. / On Hold for new numbers, company took a loss in 2013

d. sale of a MO based liquid food grade hauler. / In process.

e. sale of a Mi based auto parts hauler. / In process.

f. sale of a Mt based refrigerated hauler. / LOI delivered.

g. sale of a Mo based plastics manufacturer. / In the market.

h. sale of a Mo based flat bed hauler. / In the market.

i. sale of a WA based drayage / port service company. / pulled the deal due to poor financials

j. Sale of a $60 Million DOD / DOE General Freight Hauler / In due diligence

k. Non-Bank Debt placement for a TX based Oil Field Services Company.

Catherine Synan No Comments

Current Projects

Staying Busy!

a.. RECAP of a Midwest based, $100 million revenue General Freight Company, Currently under LOI
b. Sale of a SF based Integrated Logistics Company
c. Sale of a NW based Drayage and Port Services Company
d. Sale of a SE based Flatbed and GF carrier, independent contractor model
e. Sale of SoCal based Bulk Carrier
f. Sale of a ND based Oil Field Services Company
g. Debt Placement on a TX based Oil Field Services Company.

By staying busy talking to Investors, Buyers and Sellers; we become more effective for the next client.