M&A Deal Summary

Granite Creek Partners and Red Arts Capital Acquire Sunset Pacific Transportation

On October 24, 2019, private equity firms Granite Creek Partners and Red Arts Capital acquired transportation company Sunset Pacific Transportation

Acquisition Highlights
  • This is Granite Creek Partners’ 2nd and Red Arts Capital’s 2nd transaction in the Transportation sector.
  • This is Granite Creek Partners’ 20th and Red Arts Capital’s 2nd transaction in the United States.
  • This is Granite Creek Partners’ 1st and Red Arts Capital’s 1st transaction in California.

M&A Deal Summary
Date 2019-10-24
Target Sunset Pacific Transportation
Sector Transportation
Buyer(s) Granite Creek Partners
Red Arts Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sunset Pacific Transportation

Chino, California, United States
Sunset Pacific Transportation is a logistics provider. Sunset Pacific Transportation is a specialty machine hauler providing a critical link to customers’ supply chain and is relied on by hundreds of shippers nationwide. Sunset Pacific Transportation was founded in 1986 and is based in Chino, California.

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Buyer(S) 2

Buyer

Granite Creek Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Granite Creek Partners is a Midwest US-based private equity firm focused on acquiring and investing in mid-sized companies operating in the manufacturing, distribution, business services, healthcare, and food sectors. The Firm looks to commit $7 to $25 million per transaction and can invest across the capital structure, including control/minority equity, mezzanine debt, senior secured debt, and debtor-in-possession loans. Granite Creek Partners was formed in 2005 and is based in Chicago.

DEAL STATS #
Overall 21 of 35
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 12
State (California) 1 of 1
Country (United States) 20 of 33
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Morrow Sodali

New York, New York, United States

Morrow Sodali is a global consultancy specializing in shareholder and bondholder services, corporate governance, proxy solicitation, and capital markets transactions. The firm provides corporate boards and executives with strategic advice and services related to a broad range of activities, including annual general and extraordinary shareholder meetings, mergers and acquisitions, dissident and contested campaigns, shareholder activist initiatives, and multinational cross-border equity and debt transactions. Morrow Sodali is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Veterinary Pharmaceutical Solutions

St. Peter, Minnesota, United States

Veterinary Pharmaceutical Solutions is a licensed animal compounding pharmacy primarily focused on supporting the veterinary community in the swine industry. VPS is based in St. Peter, Minnesota.

Buy -
Buyer

Red Arts Capital

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Red Arts Capital is a private investment firm focused on North American-based transportation, logistics and related industries. The Firm looks to invest in privately-owned, primarily family-owned and multi-generational businesses with solid business fundamentals and a strong track record and reputation. Red Arts Capital is headquartered in Chicago.

DEAL STATS #
Overall 2 of 5
Sector (Transportation) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (California) 1 of 1
Country (United States) 2 of 5
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Brown Transfer

Kearney, Nebraska, United States

Brown Transfer is an operator of a transportation company that is a provider of consistently reliable trucking services. Brown Transfer was founded in 1925 and is based in Kearney, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Midwest Motor Express

Bismarck, North Dakota, United States

Midwest Motor Express is a transportation company that provides superior transportation services such as one and two-day service on short-haul lanes, three and four-day service to and from the Pacific Northwest and the Midwest. A network of 34 service centers spanning 14 states allows Midwest Motor Express, Inc. to provide service to over 5,800 cities and towns. Midwest Motor Express was founded in 1918 and is based in Bismarck, North Dakota.

Buy -
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