M&A Deal Summary

Post Capital Partners and Patriot Capital Acquire iShared.com

On September 25, 2018, private equity firms Post Capital Partners and Patriot Capital acquired transportation company iShared.com

Acquisition Highlights
  • This is Post Capital Partners’ 2nd and Patriot Capital’s 6th transaction in the Transportation sector.
  • This is Post Capital Partners’ 10th and Patriot Capital’s 85th transaction in the United States.
  • This is Post Capital Partners’ 2nd and Patriot Capital’s 3rd transaction in Florida.

M&A Deal Summary
Date 2018-09-25
Target iShared.com
Sector Transportation
Buyer(s) Post Capital Partners
Patriot Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cross Keys Capital (Financial)

Target

iShared.com

Tampa, Florida, United States
iShared.com is a third-party logistics & asset-light transportation services provider. The Company’s comprehensive brokerage servicing offering spans nationwide, across multiple modes of transportation, including Load-to-Ride (“LTR”), Less-than-Truckload (“LTL”), truckload, and rail/intermodal brokerage. iShared.com was founded in 1980 and is based in Tampa, Florida.

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Buyer(S) 2

Buyer

Post Capital Partners

New York, New York, United States

Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Post Capital Partners is a private investment firm that targets smaller middle-market businesses in traditional, basic industries. Prospective companies generally have revenues of $10 to $150 million and $2 to $20 million of EBITDA. Preferred company criteria include businesses with recurring or repeat revenue models, strong brand recognition, and minimal capital requirements. Sectors of interest include business services, financial / insurance services, consumer products and services, healthcare services, media, publishing, niche manufacturing, industrial, transportation and logistics. Post only considers companies headquartered in North America. Post Capital Partners is based in New York City.

DEAL STATS #
Overall 11 of 15
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Florida) 2 of 3
Country (United States) 10 of 14
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 United Road Services

Romulus, Michigan, United States

United Road Services is a provider of vehicle transport and logistics in North America. United Road serves 10,000-plus diverse customers including manufacturers, retailers, finance and leasing companies, rental agencies, auctions, web-based logistics firms and individuals transporting millions of new, remarketed and specialty vehicles annually. United Road Services was founded in 1998 and is based in Romulus, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 PROCHAMPS

Melbourne, Florida, United States

PROCHAMPS is a full-service technology and system administrator for property registration programs across the country. PROCHAMPS manages vacant, foreclosure, and rental property registration programs on behalf of local municipalities to help achieve higher property registration compliance, which in turn improves neighborhood safety, reduces crime and increases home values. PROCHAMPS provides a turnkey solution to municipal customers by (i) identifying properties that require registration, (ii) verifying that the property meets the local ordinances for registration, (iii) contacting the responsible party to register, and (iv) collecting registration fees and updating the municipality’s database on an automated ongoing basis. PROCHAMPS was formed in 2014 and is based in Melbourne, Florida.

Buy -
Buyer

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 85 of 109
Sector (Transportation) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 28 of 34
State (Florida) 3 of 4
Country (United States) 85 of 109
Year (2018) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 PPI-Time Zero

Paterson, New Jersey, United States

PPI-Time Zero, Inc. is an electronic manufacturing services provider, with product offerings in design and engineering, bare printed circuit board manufacturing, and assemblies. PPI-Time Zero was founded in 1970 and is based in Paterson, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Carthage Specialty Paperboard

Carthage, New York, United States

Carthage Specialty Paperboard, Inc. is a manufacturer of uncoated recycled paperboard used in premium specialty applications. Carthage Specialty Paperboard is based in Carthage, New York.

Sell -
Mergr

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