Updates

What are we working on? As of 11/14/19 these are our Companies for sale:

1. MN based refrigerated carrier, $30 mil / $7 mil EBITDA
2. FLA based refrigerated carrier,$44 mil/ 11 mil EBITDA
3. Chicago based refrigerated carrier, $18 mil / $3 mil EBITDA
4. Chicago based refrigerated carrier, $50 mil / $9 mil EBITDA
5. Chicago based Intermodal, $16mil / $3mil EBITDA
6. South Texas 3PL / warehouse, $ 8 mil / $1.4 EBITDA
7. Utah based bulk/flatbed carrier, $30 mil / $7EBITDA
8. ID based bulk food grade carrier,$24 mil / $5 mil EBITDA
9. TX based LTL/FTL carrier, $65 mil / $11 EBITDA
10. TX based Non Asset Logistics $ 4 mill / 300K EBITDA
11. NW based Non-Asset NVOCC and domestic logistics, $8.5 mil / 700K EBITDA
12. CA refrigerated/van carrier $30 mil / $7 mil EBITDA
13. OHIO based specialty refrigerated carrier (pharma) $15 mil / $1.8 EBITDA

We may have more and this does change. Contact: nec@clarkeadvisors.net

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

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.”

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!