The Halifax Group‘s profile organization Golden State Overnight (GSO) had been acquired by General Logistics Systems, a subsidiary of Royal Mail plc. BB&T Capital Markets‘ Logistics and Transportation Group suggested GSO on the offer.
PRESS RELEASE
On September 30, 2016, Golden State Overnight (“GSO” and/or “Company”), a portfolio business associated with the Halifax Group, had been acquired by General Logistics Systems (“GLS”), a subsidiary of Royal Mail plc. BB&T Capital Markets served as financial consultant to GSO.
“We are thrilled to own represented GSO’s investors in this deal. As a frontrunner when you look at the overnight distribution business, GSO signifies a powerful platform for Royal Mail to execute its strategic development to the U.S., ” said Hugh Rabb, Managing Director and Co-Head associated with the Logistics & Transportation Group at BB&T Capital Markets.
Logistics and Transportation Group
BB&T Capital Markets’ Logistics and Transportation Group provides M&A, capital-raising consultative, and corporate banking solutions to companies into the logistics and transport business, including 3rd party logistics providers (freight forwarding, agreement warehousing, truck brokerage), transportation (truckload and LTL), marine transportation (inland barge and international delivery), railroads, transport equipment, and waste services. In the logistics and transportation business, BB&T Capital Markets has actually finished over 60 financial investment financial deals since 2010.
Golden State Overnight
GSO is a leading provider of over night distribution services to each and every target in Ca and metropolitan elements of Nevada and Arizona. The organization ended up being founded in 1995, relies in Pleasanton, Ca, and acts its customers from 36 services through the entire Western U.S. With a target excellent service levels, web-enabled systems and a 100percent employee-based distribution design, GSO provides its consumers probably the most flexible overnight delivery service in the market.
The Halifax Group
The Halifax Group is a personal equity company that lovers with managers and entrepreneurs to recapitalize and grow leading lower middle-market businesses with profits generally between $25 million and $300 million across multiple sectors, including business services, transportation and logistics, health and fitness, infrastructure, and franchising. The company preserves workplaces in Washington, D.C.; Dallas, TX; and Raleigh, NC.
General Logistics techniques (a subsidiary of Royal Mail plc)
With its ground-based system, GLS is amongst the leading parcel service providers in Europe. GLS provides dependable, high-quality deferred parcel solutions to over 220, 000 customers, complemented by logistics and present services. The group provides community coverage of 41 European states via wholly owned and partner companies, and it is globally linked via contractual agreements. GLS is owned by Royal Mail plc, the moms and dad company of Royal Mail Group restricted, the leading provider of postal and delivery solutions in britain.
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