M&A Deal Summary

Ridgemont Equity Partners, Nonantum Capital Partners and PNC Erieview Capital Acquire RoadOne IntermodaLogistics

On January 5, 2023, private equity firm Ridgemont Equity Partners, private equity firm Nonantum Capital Partners and mezzanine finance firm PNC Erieview Capital acquired transportation company RoadOne IntermodaLogistics from Nonantum Capital Partners

Acquisition Highlights
  • This is Ridgemont Equity Partners’ 7th, Nonantum Capital Partners’ 2nd and PNC Erieview Capital’s 1st transaction in the Transportation sector.
  • This is Ridgemont Equity Partners’ 116th, Nonantum Capital Partners’ 8th and PNC Erieview Capital’s 34th transaction in the United States.
  • This is Ridgemont Equity Partners’ 4th, Nonantum Capital Partners’ 3rd and PNC Erieview Capital’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2023-01-05
Target RoadOne IntermodaLogistics
Sector Transportation
Buyer(s) Ridgemont Equity Partners
Nonantum Capital Partners
PNC Erieview Capital
Sellers(s) Nonantum Capital Partners
Deal Type Recapitalization

Target

RoadOne IntermodaLogistics

Randolph, Massachusetts, United States
RoadOne IntermodaLogistics is a provider of intermodal transportation solutions for domestic and international shippers. RoadOne IntermodaLogistics was founded in 1996 and is based in Randolph, Massachusetts.

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Buyer(S) 3

Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 130 of 133
Sector (Transportation) 7 of 7
Type (Recapitalization) 6 of 8
State (Massachusetts) 4 of 4
Country (United States) 116 of 118
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 ZenFi Networks

Long Island City, New York, United States

Zenfi Networks is a communications provider that designs, constructs and maintains its own fiber optic network infrastructure, allowing it to provide reliable, high bandwidth and low latency service to its enterprise, carrier and government customers. Zenfi Networks was founded in 2013 and is based in Long Island City, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Worldwide Produce

Los Angeles, California, United States

Worldwide Produce is a distributor of fresh fruits, vegetables, dairy products, and specialty foods to independent and chain restaurants across the Western United States. Worldwide Produce operates two distribution facilities located in Los Angeles, CA, and Las Vegas, NV. Worldwide Produce was founded in 1989 and is based in Los Angeles, California.

Buy -
Buyer
DESCRIPTION

Nonantum Capital Partners is a private equity firm focused on investing in North American family and founder-owned businesses, corporate carve-outs, and complex situations. The Firm targets businesses valued from $50 to $500 million where the Nonatum can commit $25 to $100 million. Areas of interest include consumer products, industrial, and business services. Nonantum Capital Partners was established in 2018 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 8 of 9
Sector (Transportation) 2 of 2
Type (Recapitalization) 3 of 3
State (Massachusetts) 3 of 3
Country (United States) 8 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 LJP Waste Solutions

North Mankato, Minnesota, United States

LJP Waste Solutions is a zero landfill, environmental services company that helps residential, commercial, and large manufacturing companies in reaching their sustainability goals. LJP focuses on recycling and waste-to-energy conversions, providing clean fuel for other businesses wherever possible. LJP Waste Solutions was formed in 1993 and is based in North Mankato, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 PNE

Longview, Washington, United States

PNE is a provider of industrial services including cleaning, electrical maintenance, environmental remediation and emergency response, process automation/control solutions and specialty construction services. PNE was founded in 1989 and is based in Longview, Washington.

Buy -
DESCRIPTION

PNC Erieview Capital is a provider equity and junior capital to middle-market companies throughout the US and Canada. The Firm looks to support private equity sponsor-led buyouts and recapitalizations, non-sponsored buyouts, family office buyouts, and growth equity needs. PNC Erieview typically works with profitable companies (EBITDA greater than $5 million) valued from $20 to $250 million. Areas of interest include distribution, consumer products, healthcare, manufacturing, and services. The Firm was originally known as National City Equity Partners and was established in 1979. PNC Erieview Capital is based in Cleveland, Ohio.


DEAL STATS #
Overall 34 of 39
Sector (Transportation) 1 of 1
Type (Recapitalization) 8 of 8
State (Massachusetts) 2 of 2
Country (United States) 34 of 39
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Coastal

Jacksonville, Florida, United States

Coastal is an independent distributor of caulking and sealants, waterproofing, concrete repair, and fire protection products in the US. The company has worked with customers across the Southeast and the Caribbean, supporting them as they built or restored the buildings that define its world – state capitols, office towers, power plants, bridges, and more. Coastal was formed in 1975 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-09 Worldwide Produce

Los Angeles, California, United States

Worldwide Produce is a distributor of fresh fruits, vegetables, dairy products, and specialty foods to independent and chain restaurants across the Western United States. Worldwide Produce operates two distribution facilities located in Los Angeles, CA, and Las Vegas, NV. Worldwide Produce was founded in 1989 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Nonantum Capital Partners is a private equity firm focused on investing in North American family and founder-owned businesses, corporate carve-outs, and complex situations. The Firm targets businesses valued from $50 to $500 million where the Nonatum can commit $25 to $100 million. Areas of interest include consumer products, industrial, and business services. Nonantum Capital Partners was established in 2018 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Recapitalization) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 LJP Waste Solutions

North Mankato, Minnesota, United States

LJP Waste Solutions is a zero landfill, environmental services company that helps residential, commercial, and large manufacturing companies in reaching their sustainability goals. LJP focuses on recycling and waste-to-energy conversions, providing clean fuel for other businesses wherever possible. LJP Waste Solutions was formed in 1993 and is based in North Mankato, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 PNE

Longview, Washington, United States

PNE is a provider of industrial services including cleaning, electrical maintenance, environmental remediation and emergency response, process automation/control solutions and specialty construction services. PNE was founded in 1989 and is based in Longview, Washington.

Buy -