has been acquired by
ABOUT THE COMPANY:
The transaction was successfully executed through a majority recapitalization of Capital Express by funds affiliated with Red Dog Equity LLC (“Red Dog”). A combination of Capital Express and ADL Delivery will serve as Red Dog’s foundational platform investment in the final mile and courier segment operating across 45 locations in 15 states. Monte O’Hara, Founder and Chief Executive Officer of Capital Express said “I have spent my entire life building this business with the help of a fantastic management team who supported the execution of our strategic objectives and all of the great employees that have supported our network. G2 had a clear vision of how to maximize optionality and find the optimal partner for Capital Express. They were methodical with their approach and made sure that my team and I understood their rationale behind key strategies. G2 brought a number of highly qualified partners to the table, and we are thrilled to partner with Red Dog and look forward to the acceleration, growth and development of Capital Express.” “Capital Express was built from the sheer grit and determination of Monte O’Hara, his amazing management team and dedicated employees. We are grateful to be a small part of the Company’s journey which started with deliveries in one local market and has become a leading regional courier across nine states. We are extremely proud of Monte and believe he has found a tremendous partner in Red Dog who embodies his values. We are excited to track their progress and know there will be tremendous success in their collective futures.” said Christopher Casteleyn, G2 Managing Director of Transportation and Logistics.