M&A Deal Summary

Florida Rock & Tank Lines Acquires Pipeline Transportation

On November 7, 2013, Florida Rock & Tank Lines acquired transportation company Pipeline Transportation from Banyan Investment Partners

Acquisition Highlights
  • This is Florida Rock & Tank Lines’ 1st transaction in the Transportation sector.
  • This is Florida Rock & Tank Lines’ 1st transaction in the United States.
  • This is Florida Rock & Tank Lines’ 1st transaction in Florida.

M&A Deal Summary

Date 2013-11-07
Target Pipeline Transportation
Sector Transportation
Buyer(s) Florida Rock & Tank Lines
Sellers(s) Banyan Investment Partners
Deal Type Add-on Acquisition

Target

Pipeline Transportation

Jacksonville, Florida, United States
Pipeline Transportation is a provider of petroleum transportation, fuel inventory management and other fuel supply services. The Company currently services Florida and parts of Georgia.

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Buyer(S) 1

Buyer

Florida Rock & Tank Lines

Jacksonville, Florida, United States

Category Company
Founded 1962
Sector Transportation
DESCRIPTION

Florida Rock & Tank Lines specializes in hauling freight consisting mainly of petroleum products and other liquid and dry bulk commodities. Florida Rock & Tank Lines currently has over twenty-five terminal and satellite locations spread across the states of Florida, Georgia, North Carolina, South Carolina, Alabama and Tennessee. Florida Rock & Tank Lines is based in Jacksonville, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Banyan Investment Partners

Miami, Florida, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


DEAL STATS #
Overall 8 of 22
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 14
State: Florida M&A 3 of 7
Country: United States M&A 8 of 22
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Bay West

St Paul, Minnesota, United States

Bay West is a customer-focused environmental and industrial services provider, with a four-decade track record of providing value-added solutions to our clients in both the public and private sectors. Bay West was founded in 1974 and is based in St Paul, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-16 VIOlife

Yonkers, New York, United States

VIOlife, LLC is a manufacturer and distributor of fashionable, functional and affordable oral and personal care products and accessories.

Buy -