Nolan & Associates is pleased to announce that it exclusively advised Brown Transfer Company in a recapitalization led by Red Arts Capital

“For the past 90+ years, Brown has been a family owned and operated business.  With multi-generational owners and operators, we had a variety of goals and objectives to satisfy with a recapitalization, including maintaining significant family ownership. The Nolan team truly embraced the opportunity and delivered a partner that successfully accomplished our mission.”

                                                                                                                                                                             Trevor Aden, President, Brown Transfer Company

St. Louis, MO – (Aug. 8, 2016)  Nolan & Associates is pleased to announce that it exclusively advised Brown Transfer Company (Brown) in a recapitalization led by Red Arts Capital (Red Arts).

Our Client: Brown Transfer Company

  • Founded in 1925, Brown Transfer Company is a third and fourth generation owned and operated full service less-than-truckload (LTL) transportation provider with terminals and key lanes covering the state of Nebraska and connecting LTL traffic from Omaha, Denver and Kansas City.
  • From its headquarters in Kearney, Nebraska, Brown employs 255 people and owns and operates a fleet of 113 tractors and 325 trailers.
  • The Company’s reputation for reliable, timely and damage-free delivery has established Brown as the premier regional LTL carrier in the Great Plains.

Objectives of Brown Transfer Company

  • Brown represented a unique opportunity to invest in a LTL carrier that has maintained a stronghold in its geographic footprint for many decades.
  • The Company sought a recapitalization event and the right partner for Brown’s customers, employees and legacy.

Solution: Recapitalization led by Red Arts Capital

  • Nolan marketed Brown’s broad base of solid customers, steady, predictable and consistently profitable performance as a platform business with expansion opportunities both organic and via acquisition.
  • Included in the list of potential investors was Red Arts Capital, a Chicago based, private equity firm focused on investing in middle market businesses with a sustainable competitive advantage and experienced industry leaders. 

 Recapitalization Process Results

  • Red Arts presented Brown the best proposal which included a combination of favorable economics, certainty to close and operational/cultural considerations.
  • The Nolan process created a sense of scarcity, competition and momentum which resulted in potential partners submitting their best bids to invest in Brown.

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.