Team Drive-Away

BB&T Capital Markets served as financial advisor to Team Drive-Away and its owners in its sale to United Road Services, a portfolio company of The Carlyle Group

Transaction summary

On August 30, 2019, Team Drive-Away Holdings, LLC (“Team Drive-Away”), a portfolio company of CID Capital, was acquired by United Road Services, Inc., a portfolio company of The Carlyle Group. BB&T Capital Markets served as financial advisor to Team Drive-Away and its owners.

About the companies

Team Drive-Away

Based in Olathe, Kansas, TDA is a national non-asset-based commercial vehicle logistics provider specializing in matching professional drivers with moves of used and new heavy-haul Class 8 trucks for sellers and buyers as well as moves to reposition and optimize fleets. TDA handles 20,000 vehicles annually via a national network of more than 500 independent contractors. 

Learn moreabout Team Drive-Away (opens in a new tab)

CID Capital

Founded in 1981 and headquartered in Indianapolis, CID Capital is a private equity group that makes majority investments in high-quality, lower-middle-market companies that have shown a consistent track record of success. For companies that have reached a performance level that finds them transitioning beyond being an entrepreneurial business, CID Capital can deliver the planning, experience, resources and capital to overcome critical constraints – and build long-term value.

Learn moreabout CID Capital (opens in a new tab)

United Road Services

Founded in 1998, United Road is the premier finished vehicle logistics company in North America. Each year, coast to coast and across borders, United Road manages the transport of 4 million-plus vehicles. Headquartered in Romulus, Michigan, the company operates an integrated national network, has over 1,700 employees, 2,500 company-owned and dedicated independent vehicle carriers, and 4,500 third-party carrier partners.

Learn moreabout United Road Services (opens in a new tab)

The Carlyle Group

The Carlyle Group is a global investment firm with $223 billion of assets under management across 362 investment vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,775 professionals operating in 33 offices in North America, South America, Europe, the Middle East, Africa, Asia and Australia

Learn moreabout the Carlyle Group (opens in a new tab)

Logistics & Transportation

Our Logistics & Transportation Team provides comprehensive investment banking services across eight industry segments and is one of the most active advisors in the middle-market.

Since 2010, our Logistics & Transportation Team has closed more than 40 sell-side M&A transactions and 60 public debt and equity offerings.

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BB&T Capital Markets is a division of BB&T Securities, LLC, a wholly owned nonbank subsidiary of BB&T Corporation and Member FINRA(opens in a new tab) / SIPC(opens in a new tab). Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Corporate banking products are offered through Branch Banking & Trust Company. Read all disclosures.