Point Dedicated Services, LLC has been acquired by EVE Partners, LLC
Northern Edge is pleased to announce the sale of Point Dedicated Services, LLC (“Point Dedicated” or the “Company”) to EVE Partners, LLC (“EVE Partners”).
Point Dedicated is a leading asset-based, long-haul freight transportation provider specializing in point-to-point dry-van truckload shipping for top-tier automotive suppliers in the United States, and cross-border service between the United States and each of Mexico and Canada.With its proud history as a family-owned business founded in 1926, Point Dedicated has expanded from modest beginnings to become a robust and growing operation. The Company’s modern fleet with strategically located terminals, a diverse customer base and an emphasis on safety, technology and driver retention made it an attractive acquisition candidate.
EVE Partners is an investment firm solely focused on investing in the transportation and logistics industry. EVE Partners was attracted to Point Dedicated as a platform investment for making further acquisitions, while leveraging the strong operational practices of Point Dedicated management.
This transaction, which is the latest among several recent completions advised by Northern Edge, highlights the firm’s expertise in several areas:
- Identifying new prospective buyers and educating them on the merits of the business, while managing concerns regarding the uncertainty surrounding the recent North American trade negotiations.
- Providing vital guidance during extensive negotiations, especially when there was news that, a long-time and significant customer was undertaking a restructuring, which caused some concern for the buyer.
- Offering relentless M&A transaction leadership that facilitated the completion of the deal and delivered an outcome that satisfies the personal and financial objectives of our client, despite many external factors that impacted the process.
Northern Edge acted as the Exclusive Financial Advisor to Point Dedicated Services, LLC.
View more deal completions here.