- K&L Gates LLP served as legal advisor on the deal
- Based in Charlotte, North Carolina, Carousel Capital invests in companies in the Southeast US
Carousel Capital has recapitalized Birmingham, Alabama-based McCorquodale Transfer, a residential services platform. No financial terms were disclosed.
Founded in 1995 by CEO Bart McCorquodale, MTI provides services such as receiving, warehousing, moving, delivery and installation. MTI also provides concierge relocation services to residential customers and commercial clients.
“We are excited to partner with Bart McCorquodale and the management team of MTI to assist them in continuing to build a leading interior design-focused outsourced services and concierge relocation platform,” said Peter Clark, a partner of Carousel Capital in a statement. “Bart and his management team have built a differentiated platform and have an impressive track record of building the business organically. We believe MTI has a unique opportunity to achieve significant growth through the continuation of their greenfield strategy and via strategic acquisitions in this highly fragmented market.”
K&L Gates LLP served as legal advisor.
Based in Charlotte, North Carolina, Carousel Capital invests in companies in the Southeast U.S.