Platform Capital has recapitalized Fort Collins, Colorado-based C&W Transportation Company, a provider of less than truckload and truckload transportation services. No financial terms were disclosed. Lutz M&A was financial adviser to C&W on the transportation.
OMAHA, Neb., Nov. 1, 2018 /PRNewswire/ — Lutz M&A announced that it served as exclusive financial advisor to C&W Transportation Company (“C&W” or the “Company”), in connection with its recapitalization led by Platform Capital. Based in Fort Collins, Colorado, C&W provides less than truckload (LTL) and truckload (TL) transportation services. The Company primarily operates in Denver and surrounding areas, with additional routes into Wyoming, Nebraska, and Kansas. Platform Capital (www.platformcap.com) is an operationally focused private equity firm based in Denver, with a satellite office in Indianapolis. The transaction closed in October 2018.
C&W Transportation was founded 36 years ago and is currently owned by CEO Devin Henderson, who has been with the Company since 1994. C&W’s primary business is overnight delivery service moving goods from distribution centers to end retail locations with guaranteed 6AM delivery. This enables customers to order on a daily basis, thus improving efficiencies with leaner inventory levels. Post transaction, Mr. Henderson will continue serving as President, while retaining significant equity ownership. Going forward, Platform Capital will support Mr. Henderson as the Company pursues new growth initiatives.
Mr. Henderson stated, “C&W’s new partnership with Platform Capital is an exciting new chapter for the Company. As we combine their operational and financial skills with our industry experience and relationships, we see several new avenues to grow and expand.” On working with Lutz M&A, Mr. Henderson said, “Lutz marketed the Company with skill and professionalism. They presented several options for us to consider. We could not be happier with the outcome and how the deal came together.”
Commenting for Lutz M&A, Brad Lehl added, “We sincerely appreciated the opportunity to represent Devin and C&W. He is an incredible operator who has built something special. The new partnership with Platform Capital opens the door to many intriguing growth opportunities.”
About Lutz M&A: Lutz M&A is a Nebraska-based mergers and acquisitions advisory firm, serving lower middle-market businesses in the Midwest across a range of industries. Lutz M&A is committed to providing its clients with a comprehensive, skilled and professional marketing process not typically available to smaller market companies.
About Platform Capital: Platform Capital is an operationally-oriented private investment firm headquartered in Denver, CO. Founded and managed by former business operators and turnaround professionals, Platform Capital employs a disciplined approach to operational and financial management. The Partners of Platform Capital have experience in a broad range of industries and a vast array of circumstances.