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  6. CarsArrive Network Acquires Dependable Auto Shippers

M&A Deal Summary

CarsArrive Network Acquires Dependable Auto Shippers

On May 17, 2017, CarsArrive Network acquired transportation company Dependable Auto Shippers from Independent Bankers Capital Fund

Acquisition Highlights
  • This is CarsArrive Network’s 1st transaction in the Transportation sector.
  • This is CarsArrive Network’s 1st transaction in the United States.
  • This is CarsArrive Network’s 1st transaction in Texas.

M&A Deal Summary
Date 2017-05-17
Target Dependable Auto Shippers
Sector Transportation
Buyer(s) CarsArrive Network
Sellers(s) Independent Bankers Capital Fund
Deal Type Add-on Acquisition

Target

Dependable Auto Shippers

Mesquite, Texas, United States
Dependable Auto Shippers, Inc. is an automobile transport company in the United States, regularly transporting more than 100,000 personally owned vehicles per year. DAS uses it fleet of more than 150 trucks and 90 owned and leased terminals to service two principal types of customers: families who are relocating within the United States and individuals who either buy or sell automobiles using the internet.

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Buyer(S) 1

Buyer

CarsArrive Network

Mesa, Arizona, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

CarsArrive Network, Inc. is a provider of automated vehicle-shipping services. Its Internet-based platform allows shippers and carriers to come together online to review price quotes, schedule delivery times, scan available loads, and review available transport listings. CarsArrive Network is based in Mesa, Arizona.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Independent Bankers Capital Fund

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Independent Bankers Capital Fund LP (IBCF) is a private equity partnership that provides equity and junior capital to established lower-middle-market companies primarily in the Southwestern United States. IBC seeks to invest in companies with revenues of $10 to $50 million. Prospective companies are generally profitable with at least $2 million of EBITDA. IBCF targets investments in profitable manufacturing, distribution, or in some cases, service businesses. The Firm looks to invest in the range of $3 to $12 million per transaction. The Group prefers financing change of control, recapitalization and later-stage growth capital needs. IBCF was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 6 of 7
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 5 of 6
Country: United States M&A 6 of 7
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-06 PMA Industries

Phoenix, Arizona, United States

PMA Industries is a designer and manufacturer of private-label and branded chemically-etched metal crafting dies for a spectrum of crafting suppliers and end consumers. PMA Industries was founded in 1982 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Berry Aviation

San Marcos, Texas, United States

Berry Aviation is an operator of an aviation company, with a portfolio of services that includes government, private charter, scheduled and on-demand freight, component maintenance repair and overhaul, and fixed base operations. Berry Aviation was founded in 1983 and is based in San Marcos, Texas.

Sell -
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