Merger • Transportation

MESCA Freight Services Acquires Group Transportation Services

On September 1, 2009, MESCA Freight Services acquired transportation company Group Transportation Services from HCI Equity Partners

Acquisition Context
  • This is MESCA Freight Services’ 1st transaction in the Transportation sector.
  • This is MESCA Freight Services’ 1st transaction in the United States.
  • This is MESCA Freight Services’ 1st transaction in Ohio.

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M&A Deal Summary

Date September 1, 2009
Target Group Transportation Services
Sector Transportation
Buyer(s) MESCA Freight Services
Sellers(s) HCI Equity Partners
Deal Type Merger

Target Company

Group Transportation Services

Hudson, Ohio, United States
Group Transportation Services, Inc.(GTS) is a non-asset based third-party logistics provider offering a full suite of outsourced transportation management solutions to over 11,000 middle market clients. Services include pricing, contract management, carrier selection, freight tracking, bill payment, bill audit and dispatch.
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Buyer Overview 1

Buyer

MESCA Freight Services

Augusta, Maine, United States

Category Company
Founded 2004
Sector Transportation
DESCRIPTION


Deal Context for Buyer #
Overall 1 of 1
Sector: Transportation 1 of 1
Type: Merger 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2009 1 of 1

Seller Profile 1

SELLER

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.


Deal Context for Seller #
Overall 4 of 30
Sector: Transportation 1 of 9
Type: Merger 1 of 6
State: Ohio 1 of 4
Country: United States 4 of 28
Year: 2009 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 TEAC Aerospace Technologies

Brea, California, United States

TEAC Aerospace Technologies is a supplier of airborne video and data recording products as well as debriefing systems to the defense industry. TEAC is also a key provider of distributed in-flight entertainment systems to the commercial airline industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Mistras

Princeton Junction, New Jersey, United States

Mistras is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. Mission critical services and solutions are delivered globally and provide customers with asset life extension, improved productivity and profitability, compliance with government safety and environmental regulations, and enhanced risk management operational decisions. Mistras was founded in 1978 and is based in Princeton Junction, New Jersey.

Sell -