Roadrunner Transportation Systems Announces Acquisition of Unitrans International

Roadrunner Transportation Systems Announces Acquisition of Unitrans International

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Washington, D.C., March 2014 

HCI Equity Partners announces that Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has acquired all of the outstanding stock of Unitrans International Corporation, a leading high-quality, non-asset based provider of international logistics solutions based in Los Angeles, California.  Unitrans offers its customers international ocean and air transportation management, customs house brokerage, and domestic logistics solutions, with a focus on complex, cold chain, and high value shipments.

Acquisition of CertifiedSafety, Inc.

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Washington, D.C., December 2013 

HCI Equity Partners announces its acquisition of CertifiedSafety, Inc. Headquartered in League City, TX, CertifiedSafety is a leading independent provider of specialized safety and productivity services primarily for plant maintenance events such as turnarounds, shutdowns, outages, and ongoing maintenance projects as well as for large capital investment programs including contraction and decommissioning. CertifiedSafety provides numerous safety related services and personnel needed to help owners and contractors take a consistent and proactive approach to safety. Their services help customers reduce costs, improve recordkeeping and minimize overall project risks. They serve leading integrated oil refiners and petrochemical companies from locations in Texas, California and Indiana.

Roadrunner Transportation Systems Recognized as one of Fortune’s 100 Fastest-Growing Companies

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Washington, D.C., September 2013 

HCI Equity Partners announces that Roadrunner Transportation Systems (NYSE: RRTS) has been named one of Fortune’s 100 Fastest-Growing Companies. RRTS, a leading asset-light transportation and logistics service provider, appeared on the list for the first time in 2013, ranking No. 28 overall. HCI is the lead institutional investor in RRTS and has led and supported its’ growth since our original investment in 2005.

Acquisition of Polygon Aerospace, Inc.

Posted on by dcadmin

Washington, D.C., September 2013 

HCI Equity Partners announces its acquisition of Polygon Aerospace, Inc. Headquartered in Houston, Texas, Polygon provides studs, washers, clamps, hilocks, nuts, bolts, pins and collars, seals, screws, lead bonds, and rivets, as well as bushings, rings, fittings, and bearings for aerospace manufacturing and maintenance industry. The company also offers parts for airbuses and fleets.

Polygon will operate in conjunction with portfolio company Herndon Products, Inc., a value-added distributor of consumable hardware products to the U.S. Government and aerospace OEMs.

Roadrunner Transportation Systems Announces Acquisition of Marisol International LLC

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Washington, D.C., July 2013 

HCI Equity Partners announces that Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has acquired all of the outstanding capital stock of Marisol International LLC. Marisol is a leading non-asset based, supply chain-critical, provider of international logistics solutions based in Springfield, Missouri. Marisol’s service offering includes international ocean and air transportation management, customs house brokerage capabilities, and domestic logistics solutions for a diversified customer base ranging from Fortune 500 companies to small and mid-market enterprises.

Benchmark Electronics Acquires Suntron Corporation

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Washington, D.C., June 2013 

HCI Equity Partners announces the sale of Suntron Corporation to Benchmark Electronics. Suntron is a provider of high mix, vertically integrated electronics manufacturing services to electronics original equipment manufacturers. Suntron delivers complete manufacturing services and solutions to support the entire life cycle of complex products in the semiconductor capital equipment, aerospace and defense, networking and telecommunications, medical and industrial markets.

Acquisition of Southern Ag Carriers, Inc.

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Washington, D.C., June 2013 

HCI Equity Partners announces its acquisition of Southern Ag Carriers, Inc. (“Southern Ag”).  Headquartered in Albany, Georgia, Southern Ag is a high growth transportation and logistics services provider for agricultural and related processed food manufacturers. Southern Ag is known for its outstanding service and unmatched ability to meet the seasonal needs of customers.

Qualitor, Inc. Announces Sale of Sloan Transportation Products Division

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Washington, D.C., May 2013 

HCI Equity Partners announces the completion of the sale of the Sloan Transportation Products division of portfolio company Qualitor, Inc. Qualitor sold Sloan to Tramec, LLC which operates in the heavy-duty tractor and trailer markets. Sloan is a leading supplier of quality heavy-duty truck and trailer products to both original equipment manufacturers as well as in the aftermarket. Sloan has one of the industry’s broadest product offerings for the tractor and trailer market including air and electrical delivery components, lift gate cylinders, hose clamps, gladhands, brass fittings, water pumps, oil filler caps, dipsticks and air compressor discharge hoses.

Roadrunner Transportation Systems Announces Acquisition of Adrian Carriers & Wando Trucking

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Washington, D.C., May 2013 

HCI Equity Partners announces that Roadrunner Transportation Systems, Inc. (NYSE: RRTS) has acquired all of the outstanding stock of Adrian Carriers and Wando Trucking.

Adrian Carriers is a logistics service provider offering container management and intermodal solutions based in Milan, IL. Adrian manages the transportation of containerized import and export freight throughout the United States and is at the forefront of technical development of container management systems and software.

Wando Trucking is a provider of intermodal transportation and related services in the southeast and based out of Charleston, South Carolina. Wando primarily transports imports and exports including raw rubber, building materials, paper, and plastics from the ports of Charleston, South Carolina and Savannah, Georgia.

Forward Air Corporation Acquires Total Quality, Inc.

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Washington, D.C., March 2013 

HCI Equity Partners announces the sale of Total Quality, Inc. (“TQI”) to Forward Air Corporation. TQI is a premium provider of maximum security and temperature-controlled services to the pharmaceutical and life sciences industries, and a portfolio investment in HCI Equity Partners III, L.P.

Headquartered in Grand Haven, MI, TQI had 2012 revenues of approximately $54.8 million. The purchase price was $66 million (or approximately 8x TQI’s 2012 EBITDA) plus an earn-out of up to $5 million based upon TQI’s performance in 2013 and 2014. TQI was acquired on a cash free, debt free basis with an adjustment for working capital. The transaction will be funded by Forward Air’s cash reserves and is expected to be accretive to its 2013 earnings.

Founded in 1992, TQI utilizes industry-leading temperature-controlled equipment, 24-hour real-time monitoring and tracking technology, and layered security features and practices to provide its customers with a level of service that is unmatched in the industry today. In addition to its core pharmaceutical services, TQI also provides truckload and less-than-truckload brokerage transportation services.