Tier One Relocation, which is backed by Southfield Capital, has acquired Arpin Van Lines‘ military unit, a relocation manager that specializes in moving household goods for military personnel. No financial terms were disclosed.
GREENWICH, Conn., Aug. 16, 2016 /PRNewswire/ — Tier One Relocation, a portfolio company of Southfield Capital, is pleased to announce the acquisition of Arpin Van Lines’ military division (“Arpin Military” or “the Company”), a leading relocation manager that specializes in household goods moves for military personnel. Arpin Military’s senior management will continue in their current operating roles.
Headquartered in Warwick, RI, Arpin Military is a prominent supplier to the Department of Defense, managing approximately 14,000 military personnel relocations annually. The Company provides a range of mission-critical services including order procurement, relocation management, customer service and back-office administration. The Company’s core value proposition is providing high quality service to enlisted military personnel at a reasonable cost to the government.
The combined entity will be a leader in the industry. Tier One CEO, Brian Gallagher stated “We couldn’t be more excited with this combination. Arpin Military is a time-honored leader in this space with a reputation for high quality service to military personnel. Through the transaction we will also gain access to the superb agents and drivers of Arpin Van Lines. We are thrilled that Matt Dolan, currently Chief Operating Officer of Arpin Van Lines, has accepted the role as Chief Operating Officer of Tier One. Matt is one of the most experienced and uniquely qualified professionals in the military relocation industry having spent 24 years in the U.S. Navy and retiring as Captain.”
Arpin Group CEO David Arpin said, “We are excited to be aligning Arpin Group and Arpin Van Lines with Tier One to support our family of agents and drivers. Tier One has committed to a long-term hauling agreement with Arpin Van Lines, which will insure quality moving services for the Soldiers, Sailors, Airmen and Marines we service and a strong and consistent flow of opportunities for our agents and drivers. One of Arpin’s goals of partnering with Tier One is to help smooth out the peaks and valleys for Arpin’s agents and drivers due to the seasonality of the moving business. With the leadership team of Brian Gallagher and Matt Dolan I am sure there is no better management team for military household goods.”
The PrivateBank acted as the sole lead arranger and administrative agent on the funding of senior credit facilities. Finn Dixon & Herling acted as legal advisor to Tier One Relocation.
About Tier One Relocation
Headquartered in Weirton, WV, Tier One Relocation is a Department of Defense relocation manager. The Company coordinates military personnel household relocations throughout the continental U.S. Tier One’s customers are transportation service providers including moving, line haul, freight forwarding, packaging and storage providers. Tier One’s outsourced services include order procurement, relocation management, customer service and back-office administration.
About Southfield Capital
Southfield Capital is a private equity firm that invests in exceptional, growing companies in the lower middle market. The firm makes control investments in North American companies generating $4 – 12 million in EBITDA with proven business models, attractive growth and profitability trends, and strong leadership. For more information, please visit www.southfieldcapital.com.