Everest Transportation Systems (“ETS”) is a high-growth, unique freight brokerage, currently focused on over the road surface transportation. Everest specializes in full truckload, drayage, intermodal, hazmat, expedited and volume partials, with a focus on stable, non-cyclical industries such as food and beverage. Everest has achieved great success today in part because of its level of automation, but also due to its unique "owned and operated" offshore labor force to reinforce its North American operations.
ETS engaged Candlewood Partners to serve as its advisor and investment bank to help the company secure a revolving line of credit. This new facility supported the acquisition of Simple Logstics and will facilitate the future growth of the ETS platform. Candlewood worked alongside both ETS and its private equity sponsor, Cambridge Capital, throughout the entirety of the capital raise process.
Candlewood supported both the Company and the Sponsor throughout the transaction, including facilitating lender due diligence, structuring of the transaction, and negotiation of financing-related documentation. Candlewood ran a targeted marketing process focused on working capital lenders with meaningful experience in the freight brokerage industry, resulting in the selection of Wintrust Bank as the Company’s lender partner.
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Candlewood Partners, LLC
Established 2001
