Eberhart Capital acquires TBI

Eberhart Capital has acquired Sioux Falls, South Dakota-based TBI, a provider of truckload refrigerated and dry van shipment services. No financial terms were disclosed. Generational Equity advised TBI on the deal.


DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, TBI Inc., to Eberhart Capital. The acquisition closed April 12, 2019.

TBI serves the continental U.S. with full truckload refrigerated and dry van shipment services out of its headquarters in Sioux Falls, South Dakota. Its state-of-the-art refrigerated trailers enable shippers to have single, dual or triple temperatures within one trailer. Its fleet of trucks has trailer satellite tracking that allows remote setting and monitoring of temperatures, location, and security.
Eberhart Capital is a private equity firm based in Scottsdale, Arizona. It specializes in growth-driven return strategies in the U.S. and global markets. TBI will complement one of Eberhart’s previous investments in Twin Express Inc., another truckload carrier.

Generational Equity Executive Managing Director Stephen Crisham’s team, led by Senior M&A Advisor Dave Lewis with support from VP Lori Galloway, successfully closed the deal. Senior Managing Director Rick Buchoz established the initial relationship with TBI.

“Finding that ‘right buyer’ for TBI was important for both parties so the solid future envisioned for this company is achieved,” said Lewis. “I believe the joining of these two firms will insure that growth. It was a pleasure working with TBI President, Randy Thompson, and the lead advisor/counselor for Eberhart, Hugh Lehr, to get the deal completed.”

About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.