M&A Deal Summary

Red Arts Capital and Prudential Capital Group Acquire Midwest Motor Express

On January 9, 2020, private equity firms Red Arts Capital and Prudential Capital Group acquired transportation company Midwest Motor Express

Acquisition Highlights
  • This is Red Arts Capital’s 3rd and Prudential Capital Group’s 1st transaction in the Transportation sector.
  • This is Red Arts Capital’s 3rd and Prudential Capital Group’s 6th transaction in the United States.
  • This is Red Arts Capital’s 1st and Prudential Capital Group’s 1st transaction in North Dakota.

M&A Deal Summary

Date 2020-01-09
Target Midwest Motor Express
Sector Transportation
Buyer(s) Red Arts Capital
Prudential Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 2

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 3 of 5
Sector (Transportation) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (North Dakota) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Coregistics

Acworth, Georgia, United States

Coregistics is a contract packaging services provider that delivers primary and secondary packaging to a whole slew of customers, handling all the details of packaging design, material sourcing, customization and distribution. Coregistics is based in Acworth, Georgia.

Buy -
DESCRIPTION

Prudential Capital Group is an investment firm focused on providing private debt, mezzanine and equity securities to middle-market companies. Prudential Capital looks to invest between $10 and $100 million in companies generating sales of $50 to $300 million. The Firm pursues a variety of transaction types, including debt refinancing, growth, acquisition financing, stock repurchases, recapitalizations, and buyouts. Sectors of interest include energy, commercial asset finance, lease, and infrastructure. Prudential Capital Group is based in Newark, New Jersey.


DEAL STATS #
Overall 6 of 6
Sector (Transportation) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (North Dakota) 1 of 1
Country (United States) 6 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 PrimaLoft

Latham, New York, United States

PrimaLoft is a branded, advanced material technology company involved in research and innovative development of high-performance material solutions, specializing in insulations and fabrics. The company's insulation was originally developed for the U.S. Army as a water-resistant, synthetic alternative to down. Since its founding, a heritage of proven & tested technologies has built trust across the textile industry, with more than 950 global brands using PrimaLoft products in outdoor, lifestyle, home furnishings, work wear, hunting, and military applications. PrimaLoft was founded in 1983 and is based in Latham, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 EducationDynamics

Lenexa, Kansas, United States

EducationDynamics is a provider of web-based marketing, enrollment, and retention products and services to post-secondary institutions. EducationDynamics was founded in 2005 and is based in Lenexa, Kansas.

Sell -