Beavex

including its operating division

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has been acquired by

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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

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