Precision Motor Transport Group LLC
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Precision Motor Transport Group LLC is a transportation company founded in 1992 by Warren Lasch, with its headquarters located in Okemos, Michigan. The company operates through wholly owned subsidiaries Bavarian Motor Transport Inc. and Tri-Star Transport Inc., which were acquired in 2004. In 2008, the company was acquired by private equity firm Corinthian Capital Group from Allegiance Capital. The company went out of business in 2018. Business/Product Breakdown Precision Motor Transport Group LLC provides automotive logistics and transportation services focused on the enclosed transport of luxury brand vehicles across the Eastern Seaboard and interior United States. The company maintains a fleet of customized automobile transport trucks and trailers to deliver vehicles from import and production facilities to dealerships, emphasizing damage-free and on-time service for premium automotive manufacturers. Operations include leading-edge transportation management technology and best practices to support delivery in multiple states, with a commitment to fleet safety and driver quality.
Keywords
Keywords
Classified
Private