CLIENT:
BeavEx Incorporated (“BeavEx” or the “Company”) based in Atlanta, Georgia, is a provider of time-critical, same-day transportation and logistics services to businesses throughout the United States. The Company facilitates the delivery of mission-critical packages for retail/distribution, clinical lab/pharmaceutical, critical parts, and financial services customers with a network that provides same-day access to more than 77% of the U.S. population. The Company also operates Guardian Medical Logistics, a lab specimen logistics provider based in St. Louis, Missouri.

SITUATION:
In spring 2018, following liquidity and operational challenges, BeavEx sought additional management and strategic support and engaged G2 Capital Advisors (“G2”) to provide various advisory services.

ENGAGEMENT:
G2 served as the Chief Restructuring Officer of the Company, developing and executing restructuring initiatives as interim management and managing liquidity on a day to day basis. In the fall of 2018, G2 was engaged to serve as the exclusive sell-side advisor to BeavEx, leading a robust, highly tailored sale process.

OUTCOME:
G2 launched a robust sales process resulting in the signing of a stalking horse asset purchase agreement with TFI International (“TFI”) in February 2019. On February 18, 2019 BeavEx filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. G2 initiated a competitive bidding process under Section 363 of the Bankruptcy Code designed to achieve the highest or otherwise best offer, or offers, for the Company’s assets. Following an extensive examination of strategic alternatives and a robust marketing process, the transaction was successfully completed with a sale of the majority of the Company’s assets to TFI, and the acquisition of BeavEx accounts receivable, by Tiger Capital Group LLC in April 2019.

“The recapitalization was a very positive development for the Company, business partners, employees and customers” said Ben Wright, COO at G2.  “With a strengthened position and the partnership with TFI, we expect BeavEx to be well equipped to take full advantage of the depth of its operations.”

About BeavEx (www.beavex.com)
BeavEx Incorporated is a leading provider of time-critical, same-day transportation and logistics services to business throughout the United States, operating 24 hours-a-day, 7 days-a-week, 365 days-a-year. The Company offers cross-docking and distribution, mail room operations, warehousing, storage, and product fulfillment services.

About G2 Capital Advisors (www.g2cap.com)
G2 Capital Advisors provides M&A, capital markets and restructuring advisory services to the middle market. We offer integrated, multi-product and sector-focused services by pairing highly experienced C-level executives with specialist investment bankers. We aspire to be the trusted advisor of choice to our clients including corporations and institutional investors.

CONTACTS ON THIS DEAL:
Ben Wright, COO: T: 415.800.1258 E: [email protected]
Ron Lentz, Managing Director: T: 630.362.8317 E: [email protected]
Don Van der Wiel, Managing Director: T: 317.417.2746 E: [email protected]
Peter Reed, Vice President: T: 617.366.9254 E: [email protected]
Connor Grogan, Senior Associate: T: 617.918.7973 E: [email protected]
Aaron Keyes, Associate: T: 317.506.6624 E: [email protected]