Harris Williams Advises RoadOne IntermodaLogistics, LLC on its Recapitalization and Growth Investment with Nonantum Capital
January 08 2019 - 10:45AM
Business Wire
Harris Williams, a preeminent middle market investment bank
focused on the advisory needs of clients worldwide for more than 25
years, announces that it advised RoadOne IntermodaLogistics, LLC
(RoadOne), a portfolio company of Tritium Partners (Tritium), on
its recapitalization and growth investment with Nonantum Capital
(Nonantum). RoadOne is a leading full-service intermodal
transportation and related logistics company. The transaction was
led by Jason Bass, Frank Mountcastle, Jershon Jones, James O’Malley
and Nick Petrick of Harris Williams’ Transportation & Logistics
(T&L) Group.
“We are thrilled to have worked with RoadOne on this highly
successful and important transaction which marks a major milestone
for the company,” said Jason Bass, a managing director at Harris
Williams. “Founders Ken Kellaway and David McLaughlin, along with
Executive Chairman Ron Sorrow, have created a premier platform in
the intermodal sector. In partnership with Tritium over the last
few years, they have successfully created a market leader that will
continue to set the standard for intermodal drayage transportation
and logistics services in North America.”
As part of the recapitalization and growth investment, the
current management team will continue to lead RoadOne. Kellaway
will remain as president and chief executive officer, and
McLaughlin will continue to serve as chief operating officer and
chief financial officer. Both Kellaway and McLaughlin will continue
to be investors in the new organization.
“David and I, along with the rest of the RoadOne team, are
excited to partner with the Nonantum team in our next phase of
growth,” said Kellaway. “We will work with our new partners to
continue our expansion efforts and to invest further in our
industry-leading technology, as well as expand our geographical
footprint and service offering through continued acquisitions,
agent expansion and strong organic growth focus. As a leading
provider in the intermodal transportation space, we are continually
focused on our mission for RoadOne to serve as the premier platform
for our customers, owner / operator providers and team
members.”
RoadOne is a premier full-service intermodal transportation and
related logistics company in North America. Offering
industry-leading port and rail container drayage, terminal
operations, dedicated truckload services, and transloading,
warehousing and distribution solutions nationwide, RoadOne provides
transportation solutions across the United States and Canada. Under
the leadership of Kellaway, McLaughlin and Sorrow and with strong
support from Tritium, RoadOne has grown to become one of the
leading national intermodal drayage providers with over 60
locations, 1,700 trucks and multiple service brands and solutions,
including First Coast Logistics, Jarvis Trans and United Global
Logistics, all acquired as part of a strategic effort to expand
RoadOne’s services and geographic presence.
Founded in 2013, Tritium is a private equity firm focused on
companies with exceptional growth potential. For over 16 years, the
founders of Tritium have deployed over $800 million of equity
capital while partnering with talented founders and executives to
build market-leading companies. Tritium’s approach emphasizes
creating long-term value through strategic growth initiatives and
acquisitions, with a focus on internet and information services,
supply chain and logistics, and financial and business
services.
Founded in 2018 by a group of experienced private equity and
management executives as a spin-out from Charlesbank Capital
Partners, Nonantum is a Boston-based middle market private equity
firm. Nonantum focuses on investing in family- and founder-owned
businesses, corporate carve-outs and complex situations where
personal partnership is critical and opportunities exist for
significant equity value creation.
Harris Williams (www.harriswilliams.com), a subsidiary of the
PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent
middle market investment bank focused on the advisory needs of
clients worldwide. The firm has deep industry knowledge, global
transaction expertise and an unwavering commitment to excellence.
Harris Williams provides sell-side and acquisition advisory,
restructuring advisory, board advisory, private placements and
capital markets advisory services.
Harris Williams’ T&L Group serves companies in a broad range
of attractive niches, including third-party logistics (3PL), truck,
rail, marine and air transportation, automotive and heavy duty
vehicle, and transportation equipment. For more information on the
firm’s T&L Group and other recent transactions, visit the
T&L Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20190108005758/en/
Katie Langemeier, associate brand manager+1 (804) 648-0072
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