M&A Deal Summary

Redwood Holdings Acquires Premier Trailer Leasing

On August 9, 2016, family office Redwood Holdings acquired transportation company Premier Trailer Leasing from Garrison Investment Group

Acquisition Highlights
  • This is Redwood Holdings’ 1st transaction in the Transportation sector.
  • This is Redwood Holdings’ 5th transaction in the United States.
  • This is Redwood Holdings’ 1st transaction in Texas.

M&A Deal Summary
Date 2016-08-09
Target Premier Trailer Leasing
Sector Transportation
Buyer(s) Redwood Holdings
Sellers(s) Garrison Investment Group
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Paul Hastings
Scudder Law Firm (Legal)

Target

Premier Trailer Leasing

Lewisville, Texas, United States
Premier Trailer Leasing is a provider of trailer leasing and rental assets and related value-added services in the United States. Premier’s fleet is comprised of new and late model air ride vans, flatbeds, chassis, refrigerated units, spring ride vans, as well as specialized flatbeds. Premier is proud of its value added service offerings, such as available GPS trailer tracking on all over-the-road equipment and a web portal allowing access to trailer registrations, lease and rental asset history, maintenance history, invoices, digital images of trailer condition and rental agreements. Premier Trailer Leasing is based in Lewisville, Texas.

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Buyer(S) 1

Buyer

Redwood Holdings

Category Family Office
Founded 2006
Size Large
Type Sector Agnostic
DESCRIPTION

Redwood Capital is the private investment company for Jim Davis, a co-founder of Allegis Group. The Firm looks to acquire majority positions and generally seeks companies with established management in place, opportunities to re-invest earnings, and strong market positions with sustainable competitive advantages. Redwood Capital Investments was formed in 2006 and is based in Hanover, Maryland.

DEAL STATS #
Overall 5 of 7
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 1 of 1
Country (United States) 5 of 7
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 ThompsonGas

Frederick, Maryland, United States

ThompsonGas is a collection of various propane delivery service companies, distributing propane to residential and commercial customers across the East, Southeast, West and Midwest US. ThompsonGas is based in Frederick, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 Hargray Communications Group

Hilton Head, South Carolina, United States

Hargray Communications Group, Inc. is a telecommunications provider serving southeastern South Carolina and northeastern Georgia. The company's operations include traditional telephone carrier services, internet services, cable television, wireless telephone, and a telephone directory publishing operation. Hargray Communications Group was founded in 1949 and is based in Hilton Head, South Carolina.

Sell $2.2B

Seller(S) 1

SELLER

Garrison Investment Group

New York, New York, United States
Category Asset Manager
Founded 2007
Size Large
Type Sector Agnostic
DESCRIPTION

Garrison Investment Group is a middle-market investor and lender. Garrison consists of Corporate Finance, Financial Assets, Private Equity, and Real Estate. The Group's private equity practice makes control and non-control investments in mid-sized North American companies with $20 to $500 million in revenues. Target sectors include manufacturing, business services, retail, transportation, distribution, communications, and media. Garrison is based in New York City.

DEAL STATS #
Overall 1 of 3
Sector (Transportation) 1 of 2
Type (Secondary Buyout) 1 of 3
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Contec

Schenectady, New York, United States

Contec is a provider of both forward and reverse logistics along with testing, repair and refurbishment services on a variety of electronic equipment and technology products on behalf of its customer base. Contec was founded in 1978 and is based in Schenectady, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 Foundation Finance

Schofield, Wisconsin, United States

Foundation Finance specializes in point-of-sale home improvement financing programs across the credit spectrum, including revolving lines of credit, installment contracts and promotional financing. Foundation Finance was founded in 2012 and is based in Schofield, Wisconsin.

Sell -
Mergr

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Company

Legal