Capstone Headwaters, now Capstone Partners, a leading international investment banking firm, advised Global Transport Logistics Inc. (GTLI) and Am Trans Expedite Inc. (Am Trans) on their merger, funded by Hudson Hill Capital, to form Fusion Transport LLC (Fusion), a newly established logistics holding company. Initiated and sourced by the Capstone Headwaters Transportation & Logistics team, this transaction brings together proprietary capacity and innovative solutions to create an evolutionary national logistics network, focused on retail consolidation, less-than-truckload (LTL) shipping and multimodal transportation brokerage. The founders and senior executives of both GTLI and Am Trans retained significant equity in the combined company and will continue in key leadership roles.
Capstone made the difficult task of marketing and selling our closely held family business a real success. They guided us through all phases of the transaction from valuation, to preparation and presentation of marketing and financial information, through the offer and negotiation phase, to a successful closing, with exceptional commitment and diligence.
Headquartered in Glen Rock, New Jersey, GTLI operates one of the highest performing retail vendor consolidation services in the industry with dedicated warehouses in New Jersey, Texas and California. Through this network, GTLI consolidates LTL shipments from multiple vendors for weekly truckload delivery. The company consistently delivers freight to Walmart, Target, Dollar General and other major retailers with well over 90% on-time compliance.
Am Trans, based in Addison, Illinois, features a unique combination of proprietary network capacity and high-touch brokerage services. The company’s fleet includes over 300 pieces of equipment, making it an “asset-right” partner for shippers. This combination of assets and brokerage capabilities allows Am Trans to move challenging cargo (hot shot, expedited and oversize/overweight) even in the most capacity-constrained times, without the routine tender rejections that often plague the industry.
“The team at Capstone Headwaters did an incredible job combining these two successful family owned companies,” agreed Mike Wallace, co-founder of Am Trans. “Current and new customers now have a real cost-saving alternative with our nationwide volume LTL network.”
“Having worked with GTLI and Am Trans for some time, we saw a compelling opportunity to create value for all parties through a business combination,” commented Burke Smith, Managing Director and head of Transportation & Logistics at Capstone Headwaters. “This transaction starts from a powerful shared strategic vision. With Fusion, the combined team has created a highly differentiated national asset-light network. We couldn’t have found a better partner to back the long-term vision for Fusion than Hudson Hill Capital, with its long-term growth investment strategy.”
Based in New York, Hudson Hill Capital (www.hudsonhillcapital.com) is a private investment firm founded by Eric Rosen. The firm invests its own capital alongside like-minded, long-term capital partners in attractive growth-oriented companies. Hudson Hill’s industry focus is in the business services, logistics, financial services and industrial sectors.