Generational Equity Announces Sale of Spirit Express Trucking Inc.
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DALLAS, TX, Apr 29 (MARKET WIRE) --
Generational Equity, an advisor to privately held and family-owned
businesses for mergers, acquisitions, and strategic growth initiatives,
announced the sale of its client, Spirit Express Trucking Inc., of
Denver, Colo., to R+L Carriers Inc., a trucking firm based in Wilmington,
Ohio.
Stephen Crisham, Managing Director, David Lewis and others on his
Generational Equity team were there to help both buyer and seller express
their expectations clearly and to bring about a mutually satisfactory
agreement. Lewis said he believed from the outset that the companies were
a good fit and that the challenge was to help them understand each other's
position.
"Our company participates in hundreds of negotiations each year,"
explained Thomas D. Farrell, executive vice president of Generational
Equity. "Most of the clients are family-owned businesses, as were both
the buyer and the seller in this case. It takes sensitivity along with a
great deal of know-how to make sure everyone is ready and the deal is
right."
Terms and price of the sale were not disclosed.
The acquisition gives R+L a strategic base in Denver and an expansion of
its range of services to include full-load logistics. Spirit Express is a
48-state over-the-road non-refrigerated truckload carrier with services
ranging from dry van and specialized/sensitive materials shipments to
flatbed and over-dimensional transportation.
R+L Carriers now serves US and Canada, Puerto Rico and the Dominican
Republic. With 10,000 employees and 13,000 trucks on the road, the
40-year-old company is a continental leader in overnight and
less-than-truckload services.
About Generational Equity
Generational Equity is one of the nation's leading middle-market mergers
and acquisitions companies, providing private business owners with the
information and expertise they require to exit their business
successfully. A unique, four-phase approach that includes education,
financial analysis and reporting, sales documentation and deal-making
ability combine to offer business owners an unparalleled level of
commitment and experience, all focused on helping to release the
generational equity and wealth in every business.
Generational Equity has more than 300 professionals and affiliates
nationwide and is headquartered in Dallas, with affiliate offices in New
York, Chicago and Irvine, Calif. For more information, contact
Generational Equity at 877-213-1792 or info-us@genequityco.com, or visit
www.genequityco.com.
CONTACT:
John Paser
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