One of the Largest Regional Expediting Trucking Services Firms
Headquartered in the Southeastern USA, and with three additional regional locations, the Company is one of the largest expediting trucking firms in the Southeast. Specifically, the Company provides general pick-up and delivery services, airport transfers, line haul services, hot-shot and same day deliveries, warehousing, and other related solutions. To ensure efficient operations, the Company’s operating asset base includes approximately 50 tractors, 100 trailers, 40 straight trucks, and other support equipment. The Company has an excellent record for upholding the regulations of DOT. In addition, approximately 90% of revenue comes from LTL services, and 10% from TL deliveries.
The Company operates through two internal profit centers: transportation and warehousing (99% of 2015 revenue) and truck space rental (1%) services. Due to the Company's long-term presence in the industry, it has a very high equipment utilization rate, and typical regional expedited trucking routes range in length from under 150 to 300 miles; during 2015, vehicles traveled approximately 3,700,000 miles.
• Historical Revenue Growth: Revenue increased from $13.6 million in 2013 to $16.1 million in 2015, a historical CAGR of 8.8%.
• Strong Customer Relationships: The Company has strong ties to clients due to its industry expertise and excellent customer service. Specifically, the Company’s database includes approximately 250 active customers.
• Broad Geographic Markets: The Company provides services to customers across a broad geographic region. It intends to further penetrate these and new geographic market segments during the pro forma period.
• High Customer Retention Rate: Due to its reputation, long-term presence in the industry, and equipment capabilities, the Company’s recurring account retention rate exceeds 95%.
- 130 FTE; 10 PTE
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