M&A Deal Summary

Corinthian Capital Group Acquires Precision Motor Transport Group

On October 1, 2008, private equity firm Corinthian Capital Group acquired transportation company Precision Motor Transport Group from Allegiance Capital

Acquisition Highlights
  • This is Corinthian Capital Group’s 1st transaction in the Transportation sector.
  • This is Corinthian Capital Group’s 5th transaction in the United States.
  • This is Corinthian Capital Group’s 1st transaction in Michigan.

M&A Deal Summary

Date 2008-10-01
Target Precision Motor Transport Group
Sector Transportation
Buyer(s) Corinthian Capital Group
Sellers(s) Allegiance Capital
Deal Type Recapitalization

Target

Precision Motor Transport Group

Okemos, Michigan, United States
Precision Motor Transport Group LLC (PMTG) is an automobile carrier focused exclusively on transporting premier luxury brand vehicles through its owned fleet of custom enclosed truck-trailer combinations. Precision Motor Transport Group was founded in 1992 and is based in Okemos, Michigan.

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Buyer(S) 1

Buyer

Corinthian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Corinthian Capital Group is a private equity firm that targets middle market-company investments located in North America. Corinthian prefers investments in consumer product, niche manufacturing, distribution, and service companies with revenues between $50 and $300 million with an EBITDA of $5 - $30 million. Corinthian typically targets opportunities brought on by generational turnover, shareholder liquidity, or corporate restructuring. Corinthian Capital was formed in 2005 and is based in New York City with additional office in Boston.


DEAL STATS #
Overall 5 of 22
Sector: Transportation M&A 1 of 2
Type: Recapitalization M&A Deals 1 of 4
State: Michigan M&A 1 of 2
Country: United States M&A 5 of 22
Year: 2008 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Wolf-Gordon

New York, New York, United States

Wolf-Gordon is a designer, marketer, and distributor of wallcoverings and upholstery for the commercial market. Wolf-Gordon was established in 1967 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Control Solutions

Aurora, Illinois, United States

Control Solutions is is a provider of microprocessor-based motion control products for a variety of applications in the commercial, medical and military markets. Control Solutions was founded in 1989 and is based in Aurora, Illinois.

Buy -

Seller(S) 1

SELLER

Allegiance Capital

Cockeysville, Maryland, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 45M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Allegiance Capital is a private investment firm that seeks to provide later-stage growth capital to companies in the mid-Atlantic US. The firm targets investments that lie within a 150-mile radius of Baltimore, Maryland. Allegiance Capital focuses on a variety of transaction structures, including expansion-stage private financings, management buyouts, leveraged buyouts, recapitalizations, and roll-ups. In general Allegiance Capital's investments range from $1 to $3 million. Smaller investments are considered on a case-by-case basis. The firm will consider investing as a member of a larger syndicate, as either lead investor or as a participant. The majority of the firm's investments are in companies that are experiencing significant growth - either organic growth or through acquisitions. The firm does not pursue start-up opportunities and does not take an active role in day-to-day management operations. Allegiance Capital Limited Partnership is a SBIC and was formed in 1999.


DEAL STATS #
Overall 4 of 5
Sector: Transportation M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-23 Liquidity Services

Bethesda, Maryland, United States

Liquidity Services is an online auction marketplace for wholesale, surplus and salvage assets. LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. Liquidity Services was founded in 1999 and is based in Bethesda, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-29 AWS Convergence Technologies

Germantown, Maryland, United States

AWS Convergence Technologies, Inc., which operates under the brand name Weatherbug, owns and operates the largest network of weather stations in the world. This live network gathers comprehensive, up-to-the-second weather information from more than 6,200 communities and powers the company's various products and services.

Sell -