M&A Deal Summary

ATL Partners Acquires Global Critical Logistics

On July 31, 2018, private equity firm ATL Partners acquired transportation company Global Critical Logistics from Spring Capital Partners and Calera Capital

Acquisition Highlights
  • This is ATL Partners’ 3rd transaction in the Transportation sector.
  • This is ATL Partners’ 3rd transaction in the United States.
  • This is ATL Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2018-07-31
Target Global Critical Logistics
Sector Transportation
Buyer(s) ATL Partners
Sellers(s) Spring Capital Partners
Calera Capital
Deal Type Secondary Buyout

Target

Global Critical Logistics

Lititz, Pennsylvania, United States
Global Critical Logistics is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. Through its offices in the US, UK, Australia, Belgium, Brazil, Chile, China, Colombia, Germany, Japan, Mexico, Netherlands, and Peru, augmented by a network of foreign agents specializing in live events, GCL serves thousands of customers per year with specialized freight solutions on all seven continents. Global Critical Logistics was founded in 1978 and is based in Lititz, Pennsylvania.

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Buyer(S) 1

DESCRIPTION

ATL Partners is a private investment firm focused on private equity and debt investments in the aerospace, transportation, and logistics sectors. ATL's minimum investment size is $75 million, however the Firm has the ability to invest up to $750 million with its co-investment partners. ATL Partners was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 3 of 7
Sector (Transportation) 3 of 3
Type (Secondary Buyout) 1 of 2
State (Pennsylvania) 2 of 2
Country (United States) 3 of 7
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Arrive Logistics

Austin, Texas, United States

Arrive Logistics is a freight brokerage that delivers unparalleled service to its network of shippers and carriers through its highly trained workforce and advanced proprietary technology platform. The company offers a full span of truckload services across temperature-controlled, flatbed, dry van, and over-dimensional. It serves over 4,000 active customers in critical, recession-resistant industries through its network of over 23,000 active carriers. Arrive Logistics was founded in 2014 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Valence Surface Technologies

El Segundo, California, United States

Valence Surface Technologies. is a provider of aerospace surface finishing services, which has historically been a highly fragmented, geographically focused, and technically challenging part of the supply chain. The company was built to offer a differentiated, full-service, supply chain solution for critical, complex parts to the aerospace industry, delivering the lead times, capacity, and technical resources needed to match growing aircraft build rate demand. Valence Surface Technologies was founded in 1957 and is based in El Segundo, California.

Buy -

Seller(S) 2

SELLER

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 18 of 25
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Pennsylvania) 5 of 5
Country (United States) 18 of 25
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Quantum Global Technologies

Dublin, Pennsylvania, United States

Quantum Global Technologies LLC is a provider of ultra-high purity outsourced parts cleaning (OPC), process tool part recoating, surface treatment and analytical services to the semiconductor and related industries. Quantum Global Technologies was founded in 2000 and is based in Dublin, Pennsylvania.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 MP Pumps

Fraser, Michigan, United States

MP Pumps, Inc. is a manufacturer of specialty industrial pumps and associated aftermarket parts for use in a variety of industrial end markets.

Sell $58M
SELLER

Calera Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Calera Capital Partners LP is a private equity firm that targets investments in mid-sized North American businesses valued up to $750 million. Calera Capital looks to invest at least $35 million of equity capital per transaction. Target industries include manufacturing, software, healthcare, consumer products and services. Prospective transaction situations include leveraged recapitalizations of privately held companies, restructurings, growth financings/acquisitions, corporate spin-offs, and take-private situations. Calera seeks businesses with leading market positions, attractive margins, and strong organic growth. Calera Capital was formerly known as Fremont Partners, a unit of the Fremont Group. Calera Capital was formed in 1991 and has offices in San Francisco, California and Boston, Massachusetts.


DEAL STATS #
Overall 21 of 23
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 6 of 7
State (Pennsylvania) 3 of 3
Country (United States) 20 of 20
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Grandpoint Capital

Los Angeles,, California, United States

Grandpoint Capital, Inc. is a parent company of Grandpoint Bank, a full service commercial bank with assets of $3.2 billion focused on professionals, entrepreneurs, and privately held businesses. The Bank operates 14 banking offices in Southern California, Washington, and Arizona. Grandpoint Capital and Grandpoint Bank was founded in 2010 and is headquartered in Los Angeles, California.

Sell $629M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 ImageFirst

King of Prussia, Pennsylvania, United States

ImageFirst is a linen rental and laundry service company specializing in the healthcare market throughout the U.S. ImageFirst was founded in 1967 and is based in King of Prussia, Pennsylvania.

Buy -