St. Louis, MO – (Oct. 15, 2015)  Nolan & Associates is pleased to announce that it exclusively advised Team Drive-Away, Inc. (TDA) in its sale to CID Capital (CID).

Our Client: Team Drive-Away

  • Founded in 2006, Team Drive-Away is a family-owned asset-light transportation business that provides over the road Class 8 and specialized equipment driveaway delivery services.
  • From its headquarters in Shawnee, Kansas, TDA operates as the nation’s most reliable after-market truck and specialty vehicle transport service provider, presenting their customers an unparalleled quality of service throughout North America.
  • The Company maintains approximately 300 drivers throughout the United States in order to meet the needs of its customers quickly and efficiently.

Objectives of Team Drive-Away

  • TDA represented a unique opportunity for a buyer to acquire a leading specialized transportation services provider in North America.
  • The Company sought a liquidity event and an acquisition partner that would continue to drive growth within TDA’s niche market.

Solution: Sale to CID Capital

  • Nolan marketed TDA’s unique business model, national driver access, diverse customer base, proprietary software system and experienced management team as an attractive acquisition opportunity.
  • Included in the list of potential buyers was CID Capital, an Indianapolis based, national private equity firm focused on acquiring middle-market businesses with proven management and a high potential for growth.

Sell Side Process Results

  • The Nolan process created a sense of scarcity, competition and momentum which resulted in potential buyers submitting their best bids to acquire TDA.
  • CID presented TDA the best acquisition proposal which included a combination of favorable economics, certainty to close and operational/cultural considerations.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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