The BB&T Capital Markets Logistics & Transportation Services team has earned its industry leading reputation through unmatched transaction experience, insightful research coverage, in-depth industry expertise and extensive long-term relationships with executives, investors and other service providers.
Our investor conference is the industry’s largest and longest running, attracting more than 500 business leaders and investors. We are the sector’s most active equity underwriter, and our clients closed 12 M&A transactions and added 17 credit commitments in 2012 alone.
BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a leading U.S. transportation provider in the fourth quarter of 2014, helping to raise over $65 million for our client. The Company intends to use the net proceeds from this offering for repayment of indebtedness under its equipment installment notes and capital lease obligations, as well as general corporate purposes. Total gross proceeds include the full exercise of the underwriters’ over-allotment option, through which they purchased an additional 396,000 shares.Read More
BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for an international tanking company in the fourth quarter of 2014, helping to raise $45,000,000 in gross proceeds for our client. The Company has applied the fixed-rate, senior notes (“Notes”) for listing on the NYSE to trade under the symbol “SBNB.” The Company intends to use the net proceeds from this offering for general corporate purposes and working capital, which may include the acquisition of additional new or secondhand vessels. The Company has granted the underwriters an option to purchase up to an additional $6,750,000 aggregate principal of the Notes.Read More
On October 24, 2014, A&S Services Group, LLC, and its related companies (“A&S Kinard” or the “Company”), a portfolio company of Larsen MacColl Partners (“LMP”), was acquired by Celadon Group Inc. (“Celadon”). BB&T Capital Markets served as the exclusive financial advisor to A&S Kinard.Read More
BB&T Capital Markets’ Logistics & Transportation Group completed its 4th transaction in the shipping industry in 2014, helping to raise over $480 million in total capital for our clients. We look forward to continuing our long-term partnerships with existing clients and to developing new relationships within the logistics & transportation sector. Proceeds of the $65 million offering will be used to fund installment payments due under its newbuilding program, as well as general corporate purposes and working capital. Additionally, Scorpio has granted the underwriters an option to purchase an additional $9.75 million in aggregate principal amount of notes. The Company has applied to list the senior unsecured notes on the NYSE to trade under the symbol “SLTB.”Read More
On August 14, 2014, BB&T Capital Markets served as a co-manager for a $500 million offering of senior notes due 2019. The notes bear a coupon of 7.875%. Proceeds from the offering are to be used for XPO’s acquisition of New Breed Holding Co.Read More
On March 4, 2014, CURT, a leading manufacturer and distributor of branded aftermarket towing and cargo management solutions, was acquired by Audax Group, a Boston-based private equity firm. Terms of the agreement were not disclosed. BB&T Capital Markets served as the exclusive financial advisor to CURT, a portfolio company of Chicago-based Pfingsten Partners, in the transaction. “Pfingsten has been a solid partner to me and my executive team, and we accomplished a great amount in a relatively short period of time,” said CURT CEO Greg Hooks. “That said, my team and I are very excited to join the Audax family as we continue to execute upon our organic and inorganic growth initiatives." Jonathan Carey, head of BB&T Capital Markets' Automotive Aftermarket Group, added, "CURT is a true leader in its space with unmatched management talent and capabilities. It was a great outcome for Pfingsten and their partners at CURT. We are also excited to see CURT embark on its next phase of growth and are confident that Audax and the team at CURT will be an enormously successful partnership.”Read More
XPO Logistics, Inc. (NYSE: XPO) has announced the closing of a registered public offering of 15,000,000 shares of its common stock at a price of $25.00 per share. XPO has granted the underwriters in the offering a 30-day option to purchase up to an additional 2,250,000 shares of its common stock. XPO received approximately $360 million in net proceeds from the offering after underwriting discounts and estimated expenses. XPO intends to use the net proceeds of the offering, together with cash on hand, to finance the cash portion of the purchase price for its previously announced acquisition of Pacer International, Inc., to pay related fees and expenses, and for general corporate purposes, which may include strategic acquisitions and the repayment or refinancing of outstanding indebtedness.Read More
On August 5, 2013, BB&T Capital Markets served as a co-manager for a $250 million offering of 4.375% ten-year senior notes by Wabtec Corp. Proceeds from the offering are being used to repay a portion of outstanding borrowings under the company’s revolving credit facility. The transaction represents the first debt deal to which BB&T Capital Markets has been invited by Wabtec.
Contract Logistics, Supply Chain Services, Transportation Management, Courier Express/Delivery, Expedited, Intermodal, Freight Brokerage, Freight Forwarding, and Air Cargo
Truckload, Less-than-truckload, Bulk, Niche, and Dedicated
Class I, Short-Line Railroads, and Rail Services
International Shipping, Inland Barge, and Port Services
Collection and Processing/Disposal
Manufacturing, Distribution and Leasing