Short Hills, NJ – October 16, 2017 – Laud Collier Capital (“Laud Collier”), a New Jersey-based private equity firm has completed a new investment in BP Express, Inc., (“BP Express”), a leading intermodal freight carrier. The Company, which is based in Rockford, Tennessee, operates out of seven ports in the Southeastern United States. Investors in BP Express include Tecum Capital, C3 Capital and management. Terms of the transaction were not disclosed.
Founded in 1995, BP Express offers over a decade of service and solutions to some of the most prominent international steamship operators, shippers, and third-party logistics providers. Most of the Company’s operations include the inland drayage of ocean containers to rail spurs, distribution centers, or directly to customer locations. BP Express also offers value-added services incidental to its hauling operations, including container yard management, all-hours port entry, and container monitoring.
“We are excited to have been able to team with such an experienced group of operating executives, directors and financial partners for this transaction,” stated Colby Collier, principal of Laud Collier Capital. He added, “BP Express has built a reputation for high-quality service and reliability in the Southeastern ports that it serves. This will make an exceptional platform for growth.”
Financing and investment capital was provided by Tecum Capital and C3 Capital.
About Laud Collier Capital
Laud Collier Capital is a merchant banking firm that makes principal investments, as well as provides corporate finance, strategic, valuation and other merchant banking advisory services. We focus on companies with revenues between $10 million and $250 million in the US and across the globe. Investments are made in equity and mezzanine securities typically in the $5 million-$25 million range. Industries that are of interest include but are not limited to: basic materials, consumer products, business services, transportation/capital goods, light manufacturing, and value-added distribution. (www.lccap.com)
About Tecum Capital
Tecum Capital is an independent investment firm based in Pittsburgh, PA with over $450 million in assets under management. Tecum is a multi-strategy investor with three funds, Tecum Capital Partners I, Tecum Capital Partners II and Tecum Equity, all of which focus on investing private capital in lower middle market companies that are based in the U.S. (www.tecum.com)
About C3 Capital
C3 Capital is a fund management company based in Kansas City, with a satellite office in Phoenix. C3 currently manages three funds (C3 Capital Partners, L.P., C3 Capital Partners II, L.P. and C3 Capital Partners III, L.P.), with approximately $430 million in assets that provide capital for businesses to finance later stage growth, strategic acquisitions, ownership transitions, and recapitalizations. The funds make $2-10 million investments in the form of subordinated debt or preferred equity in established businesses with a history of profitability. All three funds are licensed as Small Business Investment Companies. (www.c3cap.com)
For additional information, please visit our website at www.lccap.com or contact us at:
Laud Collier Capital
51 John F. Kennedy Parkway
First Floor West
Short Hills, NJ 07078
Phone: (973) 822-1234