M&A Deal Summary

Red Arts Capital and Tenth Street Capital Acquire Brown Transfer

On August 8, 2016, private equity firm Red Arts Capital and mezzanine finance firm Tenth Street Capital acquired transportation company Brown Transfer

Acquisition Highlights
  • This is Red Arts Capital’s 1st and Tenth Street Capital’s 3rd transaction in the Transportation sector.
  • This is Red Arts Capital’s 1st and Tenth Street Capital’s 31st transaction in the United States.
  • This is Red Arts Capital’s 1st and Tenth Street Capital’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2016-08-08
Target Brown Transfer
Sector Transportation
Buyer(s) Red Arts Capital
Tenth Street Capital
Deal Type Recapitalization
Advisor(s) Nolan & Associates (Financial)

Target

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.

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Buyer(S) 2

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 1 of 5
Sector (Transportation) 1 of 5
Type (Recapitalization) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 1 of 5
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-24 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.

Buy -
Buyer

Tenth Street Capital

Chattanooga, Tennessee, United States

Investor Investor

Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tenth Street Capital is an independent investment firm that seeks to invest in lower middle-market companies operating in a broad range of industries. The Firm provides mezzanine and equity co-investments to profitable businesses with strong market positions and diverse customers. Areas of interest include manufacturing, distribution, and services. Investment proceeds are generally used to support acquisitions, buyouts, and recapitalizations. Tenth Street Capital was formed in 2005 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 31 of 35
Sector (Transportation) 3 of 3
Type (Recapitalization) 5 of 6
State (Nebraska) 1 of 1
Country (United States) 31 of 35
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 Al-jon Manufacturing

Ottumwa, Iowa, United States

Al-jon Manufacturing LLC is a manufacturer of scrap recycling and waste compaction equipment. Al-jon Manufacturing was founded in 1963 and is based in Ottumwa, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Fast Pace Health

Waynesboro, Tennessee, United States

Fast Pace Health is an independent provider of urgent care and primary care services in Tennessee. The company provides convenient and affordable healthcare services to rural markets throughout Tennessee and Kentucky. It provides treatment for a wide range of illnesses, injuries, and common conditions, in addition to diagnostic and screening services. Fast Pace Health was founded in 2009 and is based in Waynesboro, Tennessee.

Sell -
Mergr

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