|Jan 2017||Dedicated Transport, LLC||
Dedicated Transport, LLCCleveland, Ohio
Bengur Bryan acted as financial advisor to Dedicated Transport, LLC in its sale to a strategic acquirer. Headquartered near Cleveland, Ohio, Dedicated Transport, LLC is a leading niche, asset-light provider of dedicated contract carriage and specialized logistics services to customers in a broad range of industries including food products, automotive, corrugated packaging, electric power generation, metal stamping, concrete additives, consumer products and oil & lubricants.
Throughout its 28 years of service, Dedicated has created a comprehensive service and technology platform that allows customers to outsource their transportation and logistics requirements, enabling them to focus on their core competencies. As a result, customers are able to reduce operating costs and improve supply chain effectiveness. Dedicated utilizes an asset-light model that permits Dedicated to minimize capital expenditures, better manage risk, and increase free cash flow.
|Sell-Side Advisory Services on the Sale of Dedicated Transport|
|Nov 2016||Dovell & Williams||
Dovell & WilliamsBaltimore, Maryland
Bengur Bryan advised Dovell & Williams on the sale of its dealerships as D&W joins the Johnson Family of Companies (JT). Dovell & Williams, with its two ISUZU Truck Dealership locations in Glen Burnie and Frederick, Maryland, will remain a separate and stand-alone company. Dovell & Williams will augment the Johnson Family of Companies and expand their scope of services while strengthening JT network’s footprint in the Mid-Atlantic region.
Dovell & Williams is a family-owned, leading medium duty commercial truck dealer in the Mid-Atlantic region with over a 75-year track record of selling and servicing trucks. Nationally, the company is the number two Isuzu dealer in total number of deliveries and number three in parts sales.
|Sell-Side Advisory Services on the Sale of Dovell & Williams|
|Nov 2014||Dunbar Armored, Inc.||
Dunbar Armored, Inc.Hunt Valley, Maryland
Bengur Bryan & Co., Inc. arranged a senior debt facility for Dunbar Armored, Inc., which was provided by a syndicate of lenders.
Dunbar Armored, Inc. is the largest non-institutionally owned cash and valuable management solutions company in the United States, and is a provider to the retail, financial, government, education and healthcare sectors. Since their inception in 1923 the Company has been family owned and remains a leader in providing innovative solutions to its customer base, including bar code scanning, smart safes and routing software.
|Financial Advisory Services in the Arrangement of a Senior Debt Facility, Which Was Provided by a Syndicate of Lenders|
|Feb 2013||Dedicated Transport, LLC||
Dedicated Transport, LLC
Bengur Bryan acted as financial advisor to Dedicated Transport, LLC in the sale of its subsidiary, All Star Transportation, LLC to a strategic acquirer.
Based in Tampa, Florida, All Star Transportation is a value-added provider of bulk transportation and other specialized logistics services in the United States. Since 1996, All Star has transported hazardous and non-hazardous liquid bulk chemicals, primarily serving the waste water treatment industry.
Headquartered near Cleveland, Ohio, Dedicated is a leading niche, asset-light provider of dedicated contract carriage and specialized logistics services to customers in a broad range of industries including metal stamping and package manufacturing, water treatment, power generation, food products and janitorial supplies.
|Sell-Side Advisory Services in the Sale of All-Star Transportation, LLC|
|Jun 2012||Kinard Trucking, Inc||
Kinard Trucking, IncYork, PA
Bengur Bryan acted as financial advisor to Kinard Trucking, Inc. and its affiliates (“Kinard”), in the sale to A&S Services Group, LLC, a portfolio company of Larsen MacColl Partners.
A&S is a provider of trucking, warehousing and logistics services to shippers in the Mid-Atlantic region. A&S provides premium levels of service requiring expedited delivery of products for manufacturers and distributors throughout the Northeast and Mid-Atlantic U.S.
Kinard, based in York, PA, is a provider of short-haul trucking and warehousing services. It serves customers across a number of industries such as food, textiles, apparel, furniture, appliances, chemicals, non-bulk petroleum products, rubber, plastics, and metal and wood products. Kinard will operate as a division of A&S Services Group, LLC.
|Sell-Side Advisory Services in the Sale to A&S Services Group, LLC|
CommutAirSouth Burlington, Vermont
Bengur Bryan acted as financial advisor to Champlain Enterprises, Inc., d/b/a CommutAir, in privately placing lease financing for five Bombardier Q300 turboprop aircraft and senior subordinated notes to fund the integration of the aircraft into CommutAir’s operation.
CommutAir is a privately-owned regional airline headquartered in South Burlington, Vermont and operates as United Express and Continental Connection. The Company provides scheduled passenger air transportation to and from the Newark and Cleveland hubs, and surrounding cities in eight states and Canada, under contract to United Continental Holdings, Inc. (NYSE:UAL) using a fleet of modern Bombardier turboprop aircraft.
|Private Placement of Lease Financing and Senior Subordinated Notes|
|Mar 2011||DM Transportation||
Bengur Bryan acted as financial advisor to DM Transportation in the sale to an affiliate of Evans Delivery Company of the 50% interest of DM not already owned by Evans.
DM Transportation is the largest inbound freight management company in the U.S. focused on supply side logistics for the direct marketing industry.
The Evans Network of Companies is a market-leading logistics company with over $250 million in annual revenue. The Evans Network has a a fleet of over 1,650 tractors and 110 terminals throughout the country, providing transportation services in the intermodal, flatbed, brokerage and van trucking markets.
|Sell-Side Advisory Services in the Sale to an Affiliate of Evans Delivery Company|
|Dec 2010||Dunbar Armored||
Dunbar ArmoredHunt Valley, MD
Bengur Bryan acted as exclusive financial advisor and placement agent to Dunbar Armored in conjunction with Dunbar’s $55 million debt facility.
Dunbar Armored, Inc. is a leading nationwide provider of technologically advanced, integrated cash management, logistics, and loss prevention solutions through a global array of innovative products and services tailored to meet the needs of its global financial institution, government and retailer customers. Dunbar is also the largest independent armored car company in the nation dedicated to safeguarding valuables.
|Advisory Services and Private Placement in Conjunction with Dunbar's $55 Million Debt Facility|
|Oct 2007||Pipeline Transportation, Inc.||
Pipeline Transportation, Inc.Middleburg, FL
Bengur Bryan advised Pipeline Transportation, Inc. on, and privately placed financing for, its recapitalization.
Pipeline Transportation, Inc., headquartered near Jacksonville, Florida, is a leading provider of petroleum transportation, fuel inventory management and other fuel supply services throughout Florida and parts of Georgia. Pipeline transports gasoline, diesel and jet fuel from bulk storage facilities to a variety of retail, wholesale and government customers spanning approximately 300 locations with its modern fleet of 43 tractors and 53 specialized tank trailers.
|Financial Advisory and Private Placement of Financing for Recapitalization|
|Sep 2007||Pemco Aviation Group, Inc.||
Pemco Aviation Group, Inc.Dothan, AL
Bengur Bryan advised Crows Nest Aviation in acquiring the Commercial Services Division (PWAS) of Pemco Aviation Group, Inc. (NASDAQ: PAGI).
Pemco World Air Services provides commercial aircraft maintenance and modification services on a contract basis to the owners and operators of commercial aircraft.
|Buy Side Advisory Services in the Acquisition of Commercial Services Division of Pemco Aviation|
|Apr 2003||Estes Express||
|Dec 2002||Piney Branch Motors||
Piney Branch Motors
|Sep 2002||Estes Express Lines||
Estes Express LinesRichmond, VA
Estes Express Lines is a motor carrier transporting primarily less-than-truckload (LTL) shipments of general commodities in the eastern continental United States. Estes’ headquarters are located in Richmond, Virginia. It has a network of over 110 terminals, and provides in-depth regional and multi-regional service to 33 states. Estes also offers service to Puerto Rico, St. Thomas and St. Croix through its Caribbean division, and provides complete coverage of the United States and Canada through its membership in ExpressLINK service network.
Bengur Bryan provided financial advisory services to Estes.
|Oct 2001||Canton Maritime Services, Inc.||
Canton Maritime Services, Inc.
|Jul 2001||Logistics Express, Inc.||
Logistics Express, Inc.Orange, California
Bengur Bryan represented Logistics Express, Inc. (Logex) in its sale to Management and American Capital Strategies.
Logex Corporation is the nation’s largest contract carrier of bulk cryogenic liquids and compressed gases commonly referred to as industrial gases.
American Capital (Nasdaq: ACAS) is a publicly traded buyout and mezzanine fund with capital resources of approximately $1.7 billion.
|Sell Side Advisory Services in the Sale to Management and American Capital Strategies|
|Feb 2001||Campo’s Express, Inc.||
Campo’s Express, Inc.Tunkhannock, PA
Bengur Bryan completed a valuation for the fair market value of 100% controlling interest of Campo’s Express for corporate planning purposes.
Located in Tunkhannock, Pennsylvania, Campo’s Express is a regional truckload carrier operating in the Northeastern United States. The Company primarily transports retail merchandise, consumer products and building materials.
Campo’s was recently acquired by National Freight Industries. Read about it.
|Financial Advisory and Valuation of the Fair Market Value of 100% Controlling Interest|
|May 2000||Cowan Systems, Inc.||
Cowan Systems, Inc.
|Aug 1999||Cowan Systems, Inc.||
Cowan Systems, Inc.Baltimore, MD
Bengur Bryan provided valuation services relating to the repurchase of minority interests. Cowan Systems is a leading regional truckload carrier serving the Mid-Atlantic region.
|Financial Advisory and Valuation Services|
|Dec 1998||Yellow Corporation||
Yellow CorporationOverland Park, KS
Bengur Bryan advised Yellow in the acquisition of Action Express, Inc. Action joins the Yellow family of regional non-union less-than-truckload (LTL) carriers that includes SAIA which services the southeastern U.S. and Texas, and Westex which serves the western U.S. Action is a strategic fit with the group by serving the Pacific Northwest.
Yellow Corporation (NASDAQ: YELL) is a holding company with operating subsidiaries specializing in regional, inter-regional, national and international transportation services. Yellow is one of the largest transportation companies in the U.S. and is headquartered in Overland Park, Kansas.
Action Express, Inc. is a less-than-truckload (LTL) carrier serving the Pacific Northwest and West, headquartered in Boise, Idaho.
|Buy Side Advisory Services in the Acquisition of Action Express|
|Jul 1998||Preston Trucking||
Preston TruckingPreston, MD
Bengur Bryan acted as financial advisor and arranged financing for the management buyout of Preston Trucking, a regional LTL (less-than-truckload) transportation company.
|Financial Advisory Services and Arranged Financing for Management Buyout|
|Feb 1996||Bulk Materials, Inc.||
Bulk Materials, Inc.Cleveland, OH
Bengur Bryan advised the board regarding its restructuring plan.
Bulk Materials, Inc. (BMI) is one of the largest bulk transportation or tank truck carriers in the U.S. After emerging from bankruptcy in 1995, BMI embarked upon a restructuring strategy including divestitures of certain subsidiaries and assets. In February 1997 the board of BMI asked Bengur Bryan to perform an independent review of the restructuring plan being implemented by BMI’s management.
|Jun 1995||MacCosham Van Lines (Canada) Company, Ltd.||
MacCosham Van Lines (Canada) Company, Ltd.Toronto, Canada
Bengur Bryan advised Burnham Service Corporation, an Investcorp affiliated company, in its sale to an investor group led by management.
MacCosham Van Lines is the largest United Van Lines agent in Canada and one of the largest household goods moving companies in Canada.
|Sell Side Advisory in the Sale to Canadian Investor’s Corporation|
|Jun 1995||Federal Armored Express, Inc.||
Federal Armored Express, Inc.Baltimore, MD
Bengur Bryan completed a valuation of Federal Armored for estate tax planning purposes.
Federal Armored is a leading protective services and armored car company serving primarily the Mid-Atlantic and Northeastern U.S. The Company has over 60 terminals in the US including six processing and verification centers which are located in Baltimore, Hartford, Washington, Chicago, San Francisco and Los Angeles where additional services such as deposit verification and consolidation, coin verification and wrapping and change order preparation are offered to the customer.
|Financial Advisory and Valuation Services|
|Jan 1995||T.W. Owens & Sons Trucking Co., Inc.||
T.W. Owens & Sons Trucking Co., Inc.Lavonia, GA
Bengur Bryan advised Burnham Service Corporation, an Investcorp affiliated company, in its sale of this subsidiary to Silver Eagle Transport.
T.W. Owens is a leading regional truckload carrier serving selected shippers in the southeastern U.S.
Silver Eagle Transport is the regional, dry freight truckload subsidiary of Arnold Industries, Inc. (NASDAQ: AIND) the $550 million market cap diversified transportation company. Arnold is the parent of New Penn Motor Express, a northeastern-based less-than-truckload transportation company; Lebarnold, a northeastern-based truckload service and warehousing company; DW Freight, a southwestern-based truckload service company specializing in the bottle, can and container business; and Silver Eagle.
|Sell Side Advisory Servives in the Sale to Silver Eagle Transport|
|Aug 1992||Carey International, Inc.||
Carey International, Inc.
|Apr 1992||Falls City Industries, Inc.||
Falls City Industries, Inc.
|Sale to BeMac Transportation, Inc.|