BCMS is pleased to announce the sale of Point Dedicated Services, LLC (“Point Dedicated” or the “Company”) to EVE Partners, LLC (“EVE Partners”).
Point Dedicated is a leading asset-based, long-haul freight transportation provider specializing in point-to-point dry-van truckload shipping for top-tier automotive suppliers in the United States, and cross-border service between the United States and each of Mexico and Canada. With its proud history as a family-owned business founded in 1926, Point Dedicated has expanded from modest beginnings to become a robust and growing operation. The Company’s modern fleet with strategically located terminals, a diverse customer base and an emphasis on safety, technology and driver retention made it an attractive acquisition candidate.
EVE Partners is an investment firm solely focused on investing in the transportation and logistics industry. EVE Partners was attracted to Point Dedicated as a platform investment for making further acquisitions, while leveraging the strong operational practices of Point Dedicated management.
This transaction, which is the latest among several recent completions advised by BCMS, highlights the firm’s expertise in several areas:
- Identifying new prospective buyers and educating them on the merits of the business, while managing concerns regarding the uncertainty surrounding the recent North American trade negotiations.
- Providing vital guidance during extensive negotiations, especially when there was news that, a long-time and significant customer was undertaking a restructuring, which caused some concern for the buyer.
- Offering relentless M&A transaction leadership that facilitated the completion of the deal and delivered an outcome that satisfies the personal and financial objectives of our client, despite many external factors that impacted the process.
BCMS Capital Advisors LLC (“BCMS”) acted as the Exclusive Financial Advisor to Point Dedicated Services, LLC
BCMS is a family-owned boutique investment bank that specializes in advising owners of private companies with respect to the planning and execution of sale transactions. Founded in 1989, the Firm has 260+ professionals operating from offices worldwide, including the United States, United Kingdom, Switzerland, the Netherlands, and Israel. BCMS has successfully completed more than 600 transactions globally in the past ten years, making us one of the world’s leading sell-side advisors to private companies in the middle market.