BB&T Capital Markets Serves as Exclusive Financial Advisor to A&S Kinard in its Sale to Celadon Group Inc.
About the Companies
Founded in 1982, A&S Kinard is a leading provider of regional, dedicated transportation and complementary logistics solutions to a diverse base of blue-chip customers. Through its dense operating footprint surrounding the Port of Baltimore, A&S Kinard serves more than 1,100 customers across various end markets, including retail, residential building products, food, paper and packaging, and construction equipment. Headquartered in New Freedom, PA, A&S Kinard offers a full suite of comprehensive logistics and transportation solutions, including dedicated contract carriage, value-added warehousing, intermodal and drayage, and freight brokerage.
Headquartered in Radnor, PA, Larsen MacColl Partners invests alongside management in profitable lower middle-market U.S. companies that have proven business models and significant opportunities for growth. The LMP investment team is led by two partners who have worked together for over 10 years.
Celadon Group Inc. (NYSE: CGI), through its subsidiaries, provides long-haul, regional, local, dedicated, intermodal, temperature-controlled, flatbed and expedited freight service across the United States, Canada and Mexico. The company also owns Celadon Logistics Services, which provides freight brokerage services, freight management, as well as supply chain management solutions, including warehousing and distribution.
Logistics & Transportation Services
BB&T Capital Markets' Logistics & Transportation Group provides M&A, capital raising and corporate banking services to companies in the logistics and transportation industry, including third-party logistics providers (freight forwarding, contract warehousing, truck brokerage), trucking (truckload and LTL), marine transportation (inland barge and international shipping), railroads, transportation equipment and waste services. BB&T’s Logistics & Transportation Corporate Banking Team manages in excess of $2.1 billion of assets, comprised by more than 50 industry relationships. The team specializes in delivering corporate finance and equipment finance solutions to industry participants spread across all sectors of the transportation industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.