Daily News: August 17, 2016

The PrivateBank Provides Financing to Support Tier One Acquisition


Tier One Relocation, a portfolio company of Southfield Capital, acquired Arpin Van Lines’ military division, a relocation manager that specializes in household goods moves for military personnel.

The PrivateBank acted as the sole lead arranger and administrative agent on the funding of senior credit facilities. Finn Dixon & Herling acted as legal advisor to Tier One Relocation.

Warwick, RI-based Arpin Military is a supplier to the Department of Defense, managing approximately 14,000 military personnel relocations annually. The company provides a range of mission-critical services including order procurement, relocation management, customer service and back-office administration.

“We couldn’t be more excited with this combination. Arpin Military is a time-honored leader in this space with a reputation for high quality service to military personnel,” said Brian Gallagher, Tier One CEO. “Through the transaction we will also gain access to the superb agents and drivers of Arpin Van Lines. We are thrilled that Matt Dolan, currently chief operating officer of Arpin Van Lines, has accepted the role as chief operating officer of Tier One. Matt is one of the most experienced and uniquely qualified professionals in the military relocation industry having spent 24 years in the U.S. Navy and retiring as Captain.”