Pegasus Transportation, Inc. (Pegasus) is a leading provider of premium truckload freight services, with a focus on the high-security, temperature sensitive, health sciences sector and the critical, just-in-time automotive industry. Pegasus desired to find an acquisition partner that would allow their customers a wider range of services in more locations across the United States.
Baker Tilly Capital, LLC, served as the exclusive financial advisor to Pegasus in connection with this transaction. Our specialized team of investment bankers developed and implemented a tightly orchestrated transaction process to a targeted group of potential strategic acquirers and private equity sponsors, culminating in a successful sale.
Following a targeted process of identifying potential candidates, Pegasus was successfully acquired by CRST International, Inc., one of the largest privately-held transportation companies in the United States. The acquisition allows both companies' customer bases to benefit from expanded services and reach. Baker Tilly Capital was proud to serve as the financial advisor to Pegasus during the sale of their organization.
For more information on this deal, or to learn how Baker Tilly Capital specialists can help, contact our team.