Eberhart Capital has acquired TBI, a provider of full truckload refrigerated and dry van shipment services to the continental US.
TBI’s state-of-the-art refrigerated trailers allow shippers to have single, dual or triple temperatures within one trailer and its fleet of trucks also has satellite tracking functions that allow for the remote setting and monitoring of temperatures, location, and security.
TBI, led by President Randy Thompson, was founded as Thompson Brothers Inc. in 1958 by brothers Eugene and Darrel Thompson. The company is headquartered in Sioux Falls, SD (www.tbitrucking.us).
The buy TBI is the fourth investment made by Eberhart Capital in the transportation and logistics (T&L) sector. The firm’s first T&L acquisition was the buy of Twin Express (Rogers, MN) and later it closed the add-on acquisitions of Poling Express (Omaha, NE); and Golden Drop Trucking (Los Angeles, CA).
In total, excluding the operations of TBI, Twin Express now services the West Coast, Northwest, Southeast, Southwest, and Midwest regions with a fleet of over 200 trucks and over 1,500 carriers (www.twinexpress.com).
Eberhart Capital, founded by Dan Eberhart, is a private equity firm based in Scottsdale, AZ. Sectors of interest include construction, real estate development, transportation and logistics, manufacturing, and oil & gas (www.eberhartcapital.com).
Generational Equity (www.genequityco.com) was the financial advisor to TBI on this transaction.
© 2019 Private Equity Professional | April 29, 2019