Chick Companies Merges with Nefab AB
BG Strategic Advisors Announces that BGSA Client Chick Companies Merges with Nefab AB
Palm Beach, FL – September 17, 2010 –BG Strategic Advisors is pleased to announce that BGSA client Chick Companies, a leading provider of wood-based industrial packaging solutions, has agreed to merge with Nefab AB, a global leader of expendable and reusable packaging products.
Chick Companies is headquartered in Dallas, Texas and operates sites in California, Kentucky, Tennessee, Texas, Georgia, New Hampshire, New York, Pennsylvania, Massachusetts and Illinois with an additional facility in the European Port of Hamburg, Germany.
About Chick Companies
Chick Companies traces its origin to 1870, when it was founded as John F. Chick and Son, a lumber mill on the banks of Silver Lake in central New Hampshire. After World War II, this family-owned lumber business expanded into a retail lumber yard. In 1975, the family re-focused the business onto the production of industrial packaging and heavy skids. Today, Chick serves multi-national customers around the US and the world in its sites around the country and in Germany. For more information, please refer to www.chickpackaging.com.
About Nefab AB
Nefab AB, together with its subsidiaries, designs and manufactures industrial transport and custom packaging solutions for industrial groups in Sweden and internationally. The company serves primarily telecommunications and automotive industries, as well as renewable energy industries and companies manufacturing transport-sensitive/theft-prone products. Nefab AB was founded in 1923 and is headquartered in Jonkoping, Sweden. It has operations in Europe, North and South America, and Asia. For more information, please refer to www.nefab.com.
About BG Strategic Advisors
BGSA is the leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their company’s value. BGSA has completed several well-known supply chain deals, including the sales of Converge to Arrow Electronics Inc., Dixie Warehouse Services and Wilpak Inc. to Jacobson Companies, the PWC Logistics acquisitions of Trans-Link and Transoceanic, the Churchill sale to BirdDog, the Raytrans sale to Echo Global, the Unicity sale to PBB, the Air-Road sale to Reliant Equity, and many others. For more information, or to explore a sale, merger, acquisition, capital raise, or other strategic initiative for your company, please contact Managing Director Benjamin Gordon at (561) 932-1601 or email Benjamin@bgsa.com.
Arrow Electronics Inc.
BG Strategic Advisors Announces Arrow Electronics Inc. to acquire PCG Parent Corp. (d/b/a Converge)
Palm Beach, FL – April 6, 2010 – BG Strategic Advisors is pleased to announce that Arrow Electronics Inc., a global distributor of electronic components and enterprise computing products, services and solutions, has agreed to acquire PCG Parent Corp. (d/b/a Converge), a leading provider of reverse logistics services for electronics manufacturers and electronic component suppliers. BG Strategic Advisors acted as the exclusive financial advisor to PCG Parent Corp. in this transaction.
PCG Parent Corp., with 350 employees, is headquartered in Peabody, Massachusetts, with offices in Columbus, Ohio, Singapore and the Netherlands and support centers throughout Europe, the United States and Asia.
The transaction is subject to regulatory approval and is expected to close in May, 2010.
About PCG Parent Corp. (d/b/a Converge)
Converge provides a leading set of reverse logistics solutions and end-of-life asset disposal solutions to a broad set of electronic manufacturers and electronic component suppliers. The company distinguishes itself by providing sophisticated solutions globally with a high degree of visibility and secure chain of custody. For more information, visit www.converge.com.
About Arrow Electronics Inc.
Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, NY, Arrow serves as a supply channel partner for over 900 suppliers and 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 310 locations in 51 countries and territories.
About BG Strategic Advisors
BG Strategic Advisors (“BGSA”) acted as the exclusive financial advisor to PCG Parent Corp. on this transaction. BGSA is the leading M&A advisory firm focused on the logistics and supply chain industry. The firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their company’s value. BGSA has completed several well-known supply chain deals, including the sales of Dixie Warehouse Services and Wilpak Inc. to Jacobson Companies, the PWC Logistics acquisition of GeoLogistics, the Churchill sale to BirdDog, the Raytrans sale to Echo Global, the Unicity sale to PBB, the Air-Road sale to Reliant Equity, and many others. For more information, or to explore a sale, merger, acquisition, capital raise, or other strategic initiative for your company, please contact Managing Director Benjamin Gordon (561) 932-1601, email ben@bgsa.com, or visit www.bgsa.com.
BGSA provides investment banking services through BG Strategic Advisors LLC, a registered broker-dealer and member of FINRA and the SIPC.
BirdDog Logistics
BG Strategic Advisors Announces the Acquisition of Churchill Transport Group by BirdDog Logistics
Palm Beach, FL – November 5, 2009 – BG Strategic Advisors (“BGSA”) is pleased to announce that Churchill Transport Group, Inc. (“Churchill”), a privately-owned third-party logistics (3PL) provider based in Charlotte, NC, has been acquired by BirdDog Logistics, LLC (“BirdDog”). BG Strategic Advisors acted as the exclusive financial advisor to Churchill Transport Group in this transaction.
Boasting a seasoned team of professionals with decades of industry expertise and a strong customer base, Churchill Transport Group and its affiliate, CTG Financial, LLC represent an important strategic addition to BirdDog’s freight management business. “Churchill’s service offerings, customer service team, and strong customer base complement BirdDog’s business and will extend our ability to deliver best-in-class services to our customers,” said Richard Piontek, president, BirdDog Logistics. “The addition of Churchill further strengthens our position in the transportation market and advances BirdDog’s objective of helping our customers effectively purchase and manage freight across all modes of transportation. In addition, Churchill customers will now have access to BirdDog’s Transportation Spend Management services, including contract negotiation, freight bill audit and payment, and information management.”
“Combining teams and uniting our capabilities is a great growth opportunity for Churchill and will greatly benefit our customers and employees,” said Derek Skea, president, Churchill Transport Group. “We are excited to join the BirdDog team and look forward to continued growth and success.”
About BirdDog Logistics
BirdDog Logistics Services, LLC, provides freight management and brokerage services to shippers in need of reliable transportation solutions and to motor carriers with available capacity. Acting as an intermediary between the two, the company provides these services to shippers looking for carriers that will reliably meet their commitments at competitive transit rates. BirdDog Logistics Services, LLC, is a wholly owned subsidiary of BirdDog Solutions, Inc., and is headquartered in Andover, MA.
About Churchill Transport Group
Churchill Transport Group is a third-party logistics (3PL) provider available 24 hours a day to fulfill customers’ freight transportation and logistics needs. The company provides access to multiple transportation providers worldwide including Truckload, Less-than-Truckload, Rail, Ocean, Air, and Courier carriers. Based in Charlotte, NC, the company has been serving the market since 2001. Also based in Charlotte, NC, Churchill’s subsidiary, CTG Financial, LLC, is a leading provider of receivables factoring for carriers, offering services for managing billing, receivables, collections, and funding.
Amerijet International, Inc.
Amerijet Announces Acquisition of Majority Interest in Nations Express, a BGSA Client
Palm Beach, FL – July 3, 2009 – Amerijet International, Inc. (“Amerijet”) today announced its acquisition of a majority interest in Nations Express, a BG Strategic Advisors (“BGSA”) client and nationwide express trucking company based in Charlotte, North Carolina. Nations Express operates a fleet of approximately 200 trucks in a unique express charter truck service. BGSA served as an advisor to Nations Express.
John R. Nash, CFO of Amerijet stated, “Nations Express represents a company doing all the right things, at the right time, and a company we believe is a unique fit with Amerijet and our global logistics services. We believe our two companies service customers who desire specialized services and that our products, whether combined or sold separately, will be valuable to each of our customers.”
William R. Frazier, Nations Express President and CEO, further added, “The investment by Amerijet will provide the additional capital necessary for the company to take advantage of a number of exciting growth opportunities in the ground freight transportation industry as well as new freight service opportunities offered by Amerijet. We look forward to working with the professional management team associated with Amerijet.”
About Nations Express
Nations Express was founded in 1998 in Charlotte, North Carolina to handle time critical freight with a focus on personal customer service. Today, Nations Express is a global transportation company with 20 locations across the United States and agent partners around the world. The company’s customer service focus, technology, and broad range of transportation services allow it to find optimal solutions for time critical shipments. For more information on Nations Express, visit www.nationsexpress.com.
Raytrans Distribution Services, Inc.
BGSA Announces the Acquisition of Raytrans Distribution Services, Inc. by Echo Global Logistics, Inc.
Palm Beach, FL – June 10, 2009 –BG Strategic Advisors (“BGSA”) is pleased to announce that Raytrans Distribution Services, Inc. (“Raytrans”), a transportation brokerage firm based in Matteson, Illinois, has been acquired by Echo Global Logistics, Inc. (“Echo”), a technology-driven transportation management firm. BGSA acted as the exclusive financial advisor to Raytrans Distribution Services in this transaction.
James Ray, Jr. founded Raytrans Distribution Services in 2000. Raytrans’ network of skilled transportation professionals and carriers specializes in flatbed, over-sized, auto-haul and other specific services as well as traditional dry van brokerage. Effective immediately, Raytrans Distribution Services will begin doing business as Echo Global Logistics, Inc.
“We are excited to join the Echo team,” said James Ray, Jr., who will continue as General Manager of the Raytrans Division of Echo Global Logistics. “Raytrans’ specialization and carrier base in combination with Echo’s technology-enabled procurement capabilities and additional modes of transportation will yield significant customer benefits.”
“We are enthused about the value that the partnership between Echo and Raytrans will deliver to our clients,” said Doug Waggoner, Chief Executive Officer of Echo Global Logistics. “Echo will benefit from Raytrans’ focus and additional scale, while the Raytrans operation will gain from Echo’s technology and mode diversification.”
About Raytrans Distribution Services
Raytrans Distribution Services provides transportation brokerage services to shippers in the United States, Mexico, and Canada. The company distinguishes itself by providing sophisticated shipping solutions in multiple specialized markets such as the transport of over-dimensional loads, non-domestic automobiles, North American international shipments, and other flatbed truckload services. For more information, visit www.raytrans.com.
About Echo Global Logistics
Privately-held Chicago-based Echo is a technology-driven transportation management outsourcing firm which helps clients reduce their transportation spend. Echo’s enterprise and transactional clients range from small businesses to Fortune 100 companies. Echo’s transportation management solutions deliver cost savings through proprietary access to unparalleled transportation market data, custom-built world-class technology, a “best cost” global labor platform, an extensive nationwide network of carriers, and buying leverage resulting from the aggregated spend on behalf of Echo’s clients. For more information on Echo, visit: www.echo.com.
BG Strategic Advisors Acquires Botsford Associates
Palm Beach, FL – February 3, 2009 –BG Strategic Advisors (“BGSA” or the “Firm”) is pleased to announce that it has acquired Botsford Associates (“Botsford”), a West Palm Beach-based investment bank. Botsford provides strategic advice and investment banking services to corporations and is a member of the Financial Industry Regulatory Authority (FINRA). Botsford’s Founder and Managing Director, Reuben B. Johnson III, will join BGSA as a Managing Director and will remain active in the business. With the acquisition of Botsford, BGSA will add a subsidiary that will expand the Firm’s capabilities to serve its customers. Thus, in addition to the advisory services that BGSA currently provides, the acquisition will allow the Firm to act as a broker-dealer in capital raising transactions and to engage in other types of transactions involving corporate securities.
About Botsford Associates
Botsford Associates LLC was founded in 2003. Botsford is licensed to engage in corporate finance activities including the raising of capital through private placements of equity and debt securities and the provision of advice in corporate mergers and acquisitions and restructuring transactions. Botsford is a registered broker-dealer regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).
About BG Strategic Advisors
BG Strategic Advisors is the leading M&A advisory firm focused on the logistics and supply chain industry. The Firm specializes in providing CEOs in the logistics and supply chain industry with the tools to maximize their companies’ value. For more information, or to explore a sale, merger, acquisition, capital raise or other strategic initiative for your company, please contact Managing Director Benjamin Gordon at (561) 932-1601 or email Benjamin@bgsa.com.
