Yukon Partners announced its subordinated debt and equity investment in Transport Investments (TII).
Revelstoke Capital Partners sponsored the transaction in which it, Yukon and other institutional co-investors made an investment in TII. Subordinated debt financing was provided by Yukon. SunTrust Bank served as administrative agent on the senior credit facility with East West Bank also participating in the transaction. SunTrust Robinson Humphrey acted as sole lead arranger and bookrunner on the transaction. Management will continue to own a meaningful interest in the company and manage and operate the business on a day-to-day basis.
Revelstoke will provide TII strategic guidance and additional capital to accelerate its organic growth and pursue selective acquisitions while continuing to leverage the Company’s robust agent network to attract, maintain, and grow customer relationships.
Pittsburgh, PA-based TII is an asset-light transportation and logistics company focused on providing flatbed, drop-deck, specialized and heavy-haul trucking and brokerage services in the U.S., Canada and Mexico.