M&A Deal Summary

Carousel Capital Acquires Armstrong Transport Group

On June 18, 2019, private equity firm Carousel Capital acquired transportation company Armstrong Transport Group

Acquisition Highlights
  • This is Carousel Capital’s 1st transaction in the Transportation sector.
  • This is Carousel Capital’s 29th transaction in the United States.
  • This is Carousel Capital’s 10th transaction in North Carolina.

M&A Deal Summary
Date 2019-06-18
Target Armstrong Transport Group
Sector Transportation
Buyer(s) Carousel Capital
Deal Type Recapitalization

Target

Armstrong Transport Group

Charlotte, North Carolina, United States
Armstrong Transport Group is a non-asset based, third-party logistics platform focused on providing customer service and logistics solutions. Armstrong Transport Group was founded in 2016 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 29 of 37
Sector (Transportation) 1 of 1
Type (Recapitalization) 6 of 12
State (North Carolina) 10 of 13
Country (United States) 29 of 37
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Palmetto Infusion

West Columbia, South Carolina, United States

Palmetto Infusion is a provider of high-touch specialty infusion services to patients with complex, acute, and chronic conditions. Infusion was founded in 1999 and is based in West Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 JHCC

Montgomery, Alabama, United States

Joe Hudson's Collision Center provides auto body collision repair services. JHCC offers customers free and accurate computerized estimates, along with quality, guaranteed repair work utilizing I-CAR certified technicians. JHCC delivers its services while providing real-time information through its repair tracking system, enabling customers to monitor the status of their repairs. Joe Hudson's Collision Center was founded in 1989 and is based in Montgomery, Alabama.

Sell -
Mergr

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