Beavex

including its operating division

Image

has been acquired by

Image

ABOUT THE COMPANY:

BeavEx Incorporated (“BeavEx”) is a provider of final mile and same-day transportation and logistics services in the US. BeavEx specializes in distribution for the financial services, e-commerce, pharmaceuticals, medical specimen, and automotive industries using a network of over 2,200 independent drivers, which collectively serve over 900 customers.

SITUATION:

BeavEx has had consistently poor financial results since its acquisition in 2011. The Company’s financial services business saw decline with advancements in check scanning technology – which reduced demand for printed checks transportation. Management sought to replace lost business with an asset-heavy operating model, but lacked the appropriate systems and processes to oversee the overhead efficiently and effectively.

ENGAGEMENT:

G2 was initially engaged to provide a restructuring assessment and overview of strategic alternatives for the Company. G2 provided an interim CFO early in the engagement -- who was later appointed as CRO. G2 was ultimately engaged as the exclusive Sell-Side Advisor to the Company and launched a high-touch sales process.

OUTCOME:

The sale process was effectuated through a Section 363 sale to TFI International, Inc. (“TFI”). TFI signed up to be the stalking horse in Chapter 11 and ultimately prevailed in the bankruptcy sale process.

DEAL TEAM:

SUB-SECTOR

Final Mile Delivery

MORE LIKE THIS

Exclusive Sell-Side Advisor

Image

Golden Country has been recapitalized by HKW

Exclusive Sell-Side Advisor

Image

a leading provider of packaging solutions has been acquired by Berlin Packaging

Exclusive Sell-Side Advisor

Image

has been acquired by an affiliate of Red Dog Equity, LLC

Exclusive Sell-Side Advisor

Image

a portfolio company of Sopris Capital has been acquired by InhabitIQ

Exclusive Sell-Side Advisor

Image

a wholly owned subsidiary of Hoffberger Holdings, Inc., has been sold to Lineage Logistics, a portfolio company of Bay Grove

Exclusive Sell-Side Advisor

Image

has been sold to Aceto, portfolio company of New Mountain Capital

Exclusive Sell-Side Advisor

Image

a portfolio company of Baird Capital has been acquired by Alithya

Exclusive Sell-Side Advisor

Image

a portfolio company of S3 Ventures has sold its video surveillance assets to Quantum

Exclusive Sell-Side Advisor

Image

has sold Arbre Farms Corporation and Willow Cold Storage Corporation to Oregon Potato Company

Exclusive Sell-Side Advisor

Image

has been acquired by Champlain Capital

Connect With Us.

Image
Homepage Contact
Services of Interest