A red cargo truck moving swiftly through the highway.

Nolan & Associates is pleased to announce that it exclusively advised Lanter Delivery Systems, Inc. in its acquisition of certain assets of Cannon Express of the Southeast, LLC

“As a boutique firm, Nolan allowed us to take a targeted approach to achieving our investment goals. We found that the Nolan team became a natural extension of our own team as we worked together.”

                                                                                                                                  – Steve Lanter, CEO & Founder, Lanter Delivery Systems, Inc.

St. Louis, MO – (Jan. 3, 2017) Nolan & Associates is pleased to announce that it exclusively advised Lanter Delivery Systems, Inc. (LDS) in its acquisition of certain assets of Cannon Express of the Southeast, LLC (CESE).

About Our Client: Lanter Delivery Systems, Inc.

  • Founded in 1981, Lanter Delivery Systems, Inc. is a super-regional logistics company and a leader in overnight, unattended delivery of auto, agricultural and industrial parts from their customer’s distribution centers to dealer locations.
  • LDS, headquartered in Madison, IL, 15 minutes from St. Louis, provides transportation and courier services to the agricultural, automotive and industrial industries, guaranteeing that part shipments placed in the late afternoon are delivered the next morning by 8 a.m., Tuesday through Saturday.
  • Customers of LDS include most major U.S. automakers, agricultural equipment and industrial manufacturers.

Objectives of Lanter Delivery Systems, Inc.

  • The LDS executive team launched an initiative to grow via acquisition in 2016 by partnering with quality logistics companies that would provide opportunities for service and geographic expansion, density enhancement and new customer relationships.

Solution: Acquisition of Cannon Express of the Southeast, LLC

  • Cannon Express is a full-service, asset-based, “pre-8 a.m.” parts carrier offering unattended daily delivery services with real-time visibility for regional dealers and wholesalers through its 12 terminal locations across the Southeastern United States.
  • CESE provides these services to Fortune 500 and other large corporations, primarily in the automotive and industrial distribution sectors.
  • The outcome was a win for both LDS and CESE, presenting route consolidation, cross-selling and operational synergies that brought value to both parties.

Buy Side Process Results

  • Nolan ran a buy side process that brought businesses of interest directly to the LDS executive leadership team that aligned with their primary investment objectives.
  • Nolan presented the most relevant opportunities to LDS, worked with the LDS executive team and counsel to formulate an offer to CESE from LDS, then negotiated the business purchase transaction from start to deal close.
  • CESE ultimately represented an investment opportunity for LDS to partner with a logistics industry leader and to grow in terms of their previously defined priority areas of opportunity for the business – service and geographic expansion, density enhancement and new customer relationships.

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.