M&A Deal Summary

Tepper Holdings Acquires Fastfrate Group

On March 18, 2013, family office Tepper Holdings acquired transportation company Fastfrate Group from Fenway Partners

Acquisition Highlights
  • This is Tepper Holdings’ 1st transaction in the Transportation sector.
  • This is Tepper Holdings’ 1st transaction in Canada.
  • This is Tepper Holdings’ 1st transaction in Ontario.

M&A Deal Summary
Date 2013-03-18
Target Fastfrate Group
Sector Transportation
Buyer(s) Tepper Holdings
Sellers(s) Fenway Partners
Deal Type Secondary Buyout

Target

Fastfrate Group

Woodbridge, Ontario, Canada
Fastfrate Group is a provider of diversified transportations services in with a national terminal infrastructure. The company has grown into a diversified transportation company with a menu of services including LTL and truckload from any point to any point within Canada and the Northeast and Midwest United States, national drayage and cartage, warehousing, transloading on both the east coast and the west coast, special operational direct ship programs for retailers, and third-party logistics. Fastfrate Group was founded in 1966 and is based in Woodbridge, Ontario.

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Buyer(S) 1

Buyer

Tepper Holdings

Category Family Office
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Tepper Holdings is a family-backed investment firm focused real estate opportunities and businesses operating in basic, traditional industries. Tepper Holdings is headquartered in Toronto.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 2
Type (Secondary Buyout) 1 of 1
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 THI Aviation

Toronto, Ontario, Canada

THI Aviation offers private chartering services with their Gulfstream G200, a mid-sized transcontinental private jet built for sophisticated air travel. THI’s charter services promise private, safe and luxurious excursions covering route distances of up to 3,000 miles. THI Aviation was formed in 2019 and is based in Toronto, Ontorio.

Buy -

Seller(S) 1

SELLER

Fenway Partners

Westerly, Rhode Island, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Fenway Partners is a private equity firm focused on investments in the consumer products and transportation/logistics/distribution sectors. Fenway looks for profitable companies with positive cash-flow and 'strong franchises. Prospective companies are generally valued between $100 and $600 million with $15 to $75 million of EBITDA. The Firm's investment horizon is four to six years. Fenway Partners was formed in 1994 and maintains offices in New York City and Los Angeles.

DEAL STATS #
Overall 12 of 15
Sector (Transportation) 4 of 4
Type (Secondary Buyout) 9 of 9
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 Coach America Group

Dallas, Texas, United States

Coach American Group, Inc. is a provider of motorcoach services in North America, operating through 17 regional divisions located in nine states in the Western and South Central regions of the United States. Services provided by the Company included motorcoach charters, tours and sightseeing, commuter transportation, airport shuttles and contract services for municipalities and corporations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Commonwealth Laminating & Coating

Martinsville, Virginia, United States

SunTek Holding Co. is a designer, manufacturer and distributor of window film to the automotive, residential and commercial markets. The company employs state-of-the-art manufacturing methods and equipment to produce a broad line of window film products, which it distributes directly to dealers through centers in Martinsville, Houston, Phoenix and Dania Beach, Florida. The Company also accesses the international market via a network of established distributors.

Sell -
Mergr

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