M&A Deal Summary

GHK Capital Partners Acquires ITS Logistics

On June 15, 2021, private equity firm GHK Capital Partners acquired transportation company ITS Logistics from McNally Capital, Coughlin Capital and Beverly Capital

Acquisition Highlights
  • This is GHK Capital Partners’ 1st transaction in the Transportation sector.
  • This is GHK Capital Partners’ 4th transaction in the United States.
  • This is GHK Capital Partners’ 1st transaction in Nevada.

M&A Deal Summary

Date 2021-06-15
Target ITS Logistics
Sector Transportation
Buyer(s) GHK Capital Partners
Sellers(s) McNally Capital
Coughlin Capital
Beverly Capital
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Ropes & Gray (Legal)

Target

ITS Logistics

Sparks, Nevada, United States
ITS Logistics is a third-party logistics provider that delivers a variety of services in supply chain management, freight logistics, distribution/fulfillment, and transportation management. ITS Logistics was founded in 1999 and is based in Sparks, Nevada.

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Buyer(S) 1

DESCRIPTION

GHK Capital Partners is a private equity firm focused on acquiring mid-sized industrial companies with $15 to $40 million of EBITDA. The Firm looks to partner with management teams when pursuing transactions and will consider opportunities throughout the US. GHK Capital Partners was established in 2018 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 4 of 8
Sector (Transportation) 1 of 2
Type (Secondary Buyout) 2 of 4
State (Nevada) 1 of 1
Country (United States) 4 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-17 Hasa

Valencia, California, United States

Hasa produces and distributes quality water treatment products used to sanitize and maintain water systems, including swimming pools, water tanks, and containment vessels for recreational, industrial, and municipal end markets. Hasa was founded in 1964 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Auveco

Cold Spring, Kentucky, United States

Auveco is a distributor of fasteners to the automotive body hardware aftermarket and general industrial maintenance, repair, and operations space. The Company sells to thousands of wholesale distribution customers who subsequently service hundreds of thousands of collision centers, repair shops, and dealerships located throughout North America. Auveco was founded in 1936 and is based in Cold Spring, Kentucky.

Buy -

Seller(S) 3

DESCRIPTION

McNally Capital is a family office that partners with other family offices to acquire and invest in lower middle-market business services and manufacturing companies. The Firm targets control or minority investments in US-based companies with $5 to $15 of EBITDA. Specific areas of interest include industrials, food/beverages, aerospace/defense, healthcare, energy, and packaging. McNally Capital was established in 2007 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 4
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Orbis Operations

McLean, Virginia, United States

Orbis Operations is a provider of intelligence and national security advisory services, software engineering and cyber services, and situational awareness training to the United States government and its allies, as well as select commercial clients. Guided by deep, first-hand knowledge of the global national-security environment, the company provides innovative solutions that integrate its extensive expertise in intelligence, cyber services, and human behavior analysis training. Orbis Operations was formed in 2008 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Smith & Oby

Walton Hills, Ohio, United States

Smith & Oby is a mechanical contracting firm delivering services including, but not limited to: HVAC, plumbing, process piping, project budgeting and estimating, 3D-BIM, design/build, engineering, service & maintenance, and 24/7 emergency service. Smith & Oby was founded in 1898 and is based in Walton Hills, Ohio.

Buy -
SELLER
DESCRIPTION

Coughlin Capital is a family office and private investment firm focused on acquiring lower middle-market companies automotive supply chain and high efficiency lighting companies. The Firm pursues profitable companies with $1 to $3 million of EBITDA and up to $30 million of revenue. Prospective businesses generally possess established customers and revenue streams. Coughlin Capital was formed in 2007 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Nevada) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-26 ITS Logistics

Sparks, Nevada, United States

ITS Logistics is a third-party logistics provider that delivers a variety of services in supply chain management, freight logistics, distribution/fulfillment, and transportation management. ITS Logistics was founded in 1999 and is based in Sparks, Nevada.

Buy -
SELLER

Beverly Capital

Evanston, Illinois, United States

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

Beverly Capital LLC is a private investment firm that provides equity and mezzanine financing to lower middle market companies. Beverly targets profitable companies with $2 to $8 million of EBITDA. Areas of interest includes healthcare and outsourced business services. Prospective transaction situations include recapitalizations, minority growth investments, and strategic acquisitions. Beverly Capital LLC is based in Highland Park, Illinois.


DEAL STATS #
Overall 8 of 10
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Nevada) 1 of 1
Country (United States) 7 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Eye Health Group

East Brunswick, New Jersey, United States

Eye Health Group provides a full suite of medical eyecare services, from diagnosis and management of eye diseases to pathology, lab testing and pre- and post-operative care for surgical patients, as well as prescribing and dispensing contact lenses and vision corrective glasses. Eye Health Group is based in East Brunswick, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Alpaca Audiology

Springfield, Missouri, United States

Alpaca Audiology is an audiology negotiating network designed to protect the profession and future of Audiology. The company was formed with the belief that clinics and their respective patients would benefit from collective purchasing power. By uniting, members of Alpaca have created the ability to obtain bottom line pricing while maintaining personal and professional integrity. Alpaca Audiology was founded in 2011 and is based in Springfield, Missouri.

Buy $310M