Corinthan Buys Precision Motors Transport

Corinthian Capital Group has acquired Precision Motors Transport Group, an Okemos, Mich.-based provider of transport services for European luxury cars throughout the United States. No financial terms were disclosed. Allegiance Capital Corp. advised PMTG on the sale. 



Allegiance Capital Corporation, a full-service investment banking firm servicing middle market companies worldwide, announces the sale of Precision Motors Transport Group (PMTG), a Michigan company that specializes in the transport of European luxury cars throughout the United States. The purchaser is Corinthian Capital Group, LLC, a private equity firm that specializes in investing in small and middle market companies. Allegiance Capital, acting on behalf of the seller, was the investment bank on the transaction.


One of the largest and most recognized names in the premier automotive transport industry, PMTG has an unparalleled track record of damage-free, on-time delivery service for many of the world’s luxury automobile manufacturers. PMTG’s seasoned management team and expert drivers operate the safest fleet of automotive transport trucks available. The firm’s real-time satellite tracking, bi-directional driver-based digital logistics communications and white-glove operational practices have made PMTG the established leader among luxury automobile transportation companies.


PMTG is a profitable, well-run business with a stellar reputation in the automotive transport industry, noted Yoram Kinberg, managing director of Allegiance Capital Corporation’s New York office. “Our client wanted to take some money off the table while retaining a significant investment in the business so they could participate in the future growth of the company. This was a complex transaction which meant conducting a global search to find the right strategic partner. The tight credit market and financial turbulence created a challenging negotiating environment.”


According to Bill van Wagner, managing director of Allegiance Capital New York and co-manager of the PMTG transaction, “The sheer tenacity of the Allegiance Capital team paid off, as we were determined to obtain a premium price for the business while successfully closing the transaction under terms benefitting PMTG owners and management team.”


“We are pleased the PMTG transaction closed so smoothly,” said David Mahmood, founder and chairman of Allegiance Capital Corporation. “Our global investment banking connections, financial structuring expertise, and astute negotiating skills resulted in a transaction where all parties left the table feeling satisfied. This is the goal of all Allegiance Capital transactions – we want each party to feel like they benefitted from the transaction, and for everyone to emerge a winner.”


“We appreciate the hard work Allegiance Capital did in closing the transaction with Corinthian Capital,” said Dallas Knepp, chief operating officer of PMTG. “Not only did Allegiance Capital obtain a premium price for the business, but the terms they negotiated on our behalf keep PMTG’s seasoned management team in place to continue operating the company – just as we always have. With Corinthian as a partner, they will provide us with additional financial expertise and capital to continue expanding our business.”


About Precision Motor Transport Group:


Since 1992 Precision Motor Transport Group (PMTG) has been delivering premium automotive transport services throughout the Eastern Seaboard and the interior United States. Based in Okemos, Michigan, PMTG has an unparalleled track record of damage-free, on-time delivery service for many of the world’s premier automobile manufacturers. For more information, go to


About Corinthian Capital Group:


Corinthian Capital was founded in 2005 to invest in small and middle market companies located primarily in North America. Its principals have completed over 50 acquisitions with a combined total value of over $1.5 billion. Corinthian Capital invests in unique manufacturing, distribution, and service businesses with sales between $50 million and $250 million. For more information, visit the company website at


About Allegiance Capital:


Allegiance Capital Corporation is a full-service investment banking firm specializing in the middle market (companies with revenue from $20 million to $500 million), with offices in Dallas, New York, Minneapolis/St. Paul, Vancouver, British Columbia, Shanghai and Tel Aviv. Through its worldwide network, Allegiance Capital assists companies in every aspect of selling and financing a business, including debt restructuring, mezzanine financing, buy out management, strategic partnering, consulting and other related services. Through its newly created Special Situations group, the Company handles financial restructuring and distressed mergers and acquisitions. For more information, refer to the company website at