Generational Capital Markets Advises Foundation Logistics in its sale to Radiant Logistics
September 10 2024 - 5:33PM
Business Wire
Generational Capital Markets (GCM), a member of FINRA/SIPC and a
leading mergers and acquisitions advisor for privately held
businesses, is pleased to announce the sale of its client,
Foundation Logistics, to Radiant Logistics. The acquisition was
effective on September 1, 2024.
Located in Humble, Texas, Foundation Logistics is a privately
held company offering a full range of specialized transportation
and logistics services for the oil and gas industry. Founded in
2014, the company focuses on transporting hazardous materials,
explosives, and urgent oilfield equipment to locations
worldwide.
Based in the United States and Canada, Radiant Logistics is a
publicly traded third party logistics company providing
technology-enabled global transportation and value-added logistics
solutions. Through its comprehensive service offering, Radiant
provides domestic and international freight forwarding, along with
truck and rail brokerage services to manufacturers, distributors,
and retailers. This is supported by an extensive network of Radiant
and agent-owned offices throughout North America and other key
markets around the world. Radiant’s value-added logistics services
include warehouse and distribution, customs brokerage, order
fulfillment, inventory management, and technology services.
The Company structured the transaction similarly to its previous
deals, with part of the purchase price contingent on the future
performance of the acquired operations and payable in subsequent
periods.
Following the closing, Foundation Logistics will remain under
the leadership of co-founders, Larry Early and Cindy Jones, with
plans to transition to the Radiant brand in 2025. In the interim,
both Larry Early and Cindy Jones will report to Tim O’Brien, SVP
and General Manager of Radiant’s U.S. forwarding operations.
Larry Early of Foundation commented, “Through years of dedicated
service, our customers have always remained our top priority. We
were looking for a long-term partner with that same passion for
servicing the customer and a shared vision to further advance our
business and provide an opportunity for growth for our employees.
We found that partner in Radiant, and Cindy and I are excited to
leverage our own strengths along with the capabilities of the
larger Radiant network to bring additional value to our customers
moving forward.”
“We are proud to announce our partnership with Larry, Cindy and
the entire Foundation team,” remarked Radiant’s Founder and CEO,
Bohn Crain. “Having grown up in and around Humble, Texas and
considering myself a product of the 'oil patch,' I am particularly
excited to partner with Larry and Cindy and have the opportunity to
broaden our capabilities in support of the oil and gas industry,
while flying the Radiant flag in my hometown."
Generational Capital Markets’ Senior Managing Director, M&A,
Chris Heckert, with the support of Vice President, M&A, Troy
Blakely, successfully closed the transaction. Managing Director,
Eric Matuszak, established the initial relationship with Foundation
Logistics.
“The fit between Foundation Logistics and Radiant Logistics is
incredible. I can’t wait to see what these two groups can
accomplish together going forward,” said Heckert.
About Generational Capital Markets, Inc.
Generational Capital Markets, Inc. is a member of FINRA/SIPC.
More information can be found at https://www.gencm.com/.
Generational Capital Markets is part of Generational Group, which
is headquartered in Dallas, is a leading, award-winning,
full-service business advisory firm. With more than 350
professionals located throughout 17 offices in North America, the
company helps business owners release the wealth of their business
by providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management.
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version on businesswire.com: https://www.businesswire.com/news/home/20240910908729/en/
Jenna Gaston 469-694-8764 jgaston@generational.com