BB&T Capital Markets Serves as Exclusive Financial Advisor to Express Courier International in its Sale to LSO
On December 23, 2014, Express Courier International, Inc. ("ECI"), a portfolio company of The Riverside Company ("Riverside"), was acquired by Lone Star Holdings, LLC ("LSO"), a portfolio of Eagle Merchant Partners ("EMP"). The combination of the two businesses creates a super-regional parcel carrier providing an unmatched portfolio of customized shipping solutions now spanning across 13 states throughout the southeast and southwest of the United States. LSO and ECI will provide customers with a unique regional solution through a service offering that includes a combination of on-demand, scheduled/routed, distribution, warehousing and day-definite guaranteed products. BB&T Capital Markets served as the exclusive financial advisor to ECI.
About the Companies
Express Courier International, a market leader in the customized logistics same-day delivery sector, headquartered in Nashville, Tennessee, offers unmatched scale, route density, and presence in the Southeastern and Mid-South U.S. ECI operates in 13 states with a fleet of over 1,800 vehicles monitored by its centralized operations center in Nashville. For more information, visit www.expressdelivers.net.
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $250 million. Since its founding in 1988, Riverside has invested in more than 370 transactions. The firm’s international portfolio includes more than 75 companies. For more information, visit www.riversidecompany.com.
LSO (fka, Lone Star Overnight), a leading regional parcel carrier founded in 1991, headquartered in Austin, Texas, offers a full range of next-day, day-definite guaranteed deliveries. LSO has among the highest reliability records and lowest damage rates in the industry, offering competitive rates throughout Texas, Oklahoma, western Louisiana, southern New Mexico and Mexico. LSO provides live customer support and flexible shipping solutions. For more information, visit www.shiplso.com.
Eagle Merchant Partners is an Atlanta, Ga.-based private equity firm focused on middle market companies in the consumer, business services and industrial sectors in the Southeastern United States. The partnership is one of the most experienced private equity investors in the region, having spent nearly a decade with Arcapita managing 20 portfolio companies with more than $2 billion in revenues. For more information, visit www.eaglemerchantpartners.com.
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.