CLIENT:
BWP Transport, Inc. (“BWP” or the “Company”) (https://www.bwpt.net), a subsidiary of Ravago Holdings America, Inc. (“Ravago”), is a leading regional carrier specializing in the transportation, storage, packaging and delivery of dry bulk materials specifically plastic resin. BWP services all 48 states and Canada operating 24 hours a day, 7 days a week to ensure on-time deliveries, excellent customer service, and effective transportation management. BWP is headquartered in St. Clair, Michigan, with satellite facilities located in Barberton and Plainfield, Ohio. 

SITUATION:
Ravago acquired BWP in 2015 to become a key source of transportation and logistics services for internal plastic resin requirements.  After several years, Ravago decided to carve out and sell BWP to a potential partner that could continue operating BWP and support increasing transportation requirements of their plastic resin business.    

ENGAGEMENT:
G2 Capital Advisors, LLC (“G2”) served as the exclusive financial advisor to Ravago and BWP and ran a highly strategic and efficient sales process. 

OUTCOME:
The transaction was successfully executed on June 28, 2019 through a sale of BWP to A&R Logistics, Inc. (“A&R”), a portfolio company of Wind Point Partners.  The acquisition of BWP further expands A&R’s geographic presence in the Midwestern U.S. and increases A&R’s overall transportation capacity with additional tractors and specialty trailers.  The investment in BWP represents the first add-on acquisition for A&R in the execution of an aggressive growth strategy.

With the divestiture of BWP to A&R, Ravago is strengthening the relationship with a long-term partner who can continue to grow and support their long-term plastic resin requirements. “The partnership between Ravago and A&R has the potential to provide significant future value to both organizations.  We are honored to have had the opportunity to support Ravago in the divestiture of BWP,” said G2 Managing Director, Ron Lentz.  “A&R was built to partner with a company like Ravago and we are excited to track the success of this partnership.”

“G2 brought invaluable industry experience that was critical to achieve a successful outcome.  They provided unique insights that helped execute a complex carve out sale process and engaged with a number of parties to ensure the right outcome was achieved.  We are excited about the long-term prospects of a partnership with A&R.” said Sean Williams, Director of Operations of Ravago.