Logistics & Transportation

The BB&T Capital Markets Logistics & Transportation 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 advisor, closing more than 25 M&A transactions and 40 equity and debt offerings since 2010.

 

BB&T Capital Markets is the most active middle market investment bank focused on the Logistics & Transportation industry, having completed more than 120 transactions since 2005

  • Genesee and Wyoming Inc. (NYSE: GWR)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a short line and regional freight company in the fourth quarter of 2016, helping to raise $300,000,000 in gross proceeds for our client.

    The Company intends to use the net proceeds of the offering to fund its acquisition of Pentalver Transport and to repay indebtedness. The Company has granted the underwriters a 30-day option to purchase an additional 600,000 shares at the public offering price to cover over-allotments.

    Read More
  • Ryder System, Inc. (NYSE: R)

    On November 1 2016, BB&T Capital Markets served as a co-manager for a $300 million offering of 2.25% medium-term notes due 2021 by Ryder System, Inc.

    Proceeds from the offering are being used for general corporate purposes.

    Read More
  • Westinghouse Air Brake Technologies Corp. (NYSE: WAB)

    On October 31 2016, BB&T Capital Markets served as a co-manager for a $750 million offering of 3.45% senior notes due 2026 by Wabtec Corp.

    Proceeds from the offering are being used to pay part of the cash portion of the acquisition of Faiveley, as well as to refinance Faiveley’s outstanding debt. Any remaining proceeds will be used for general corporate purposes.

    Read More
  • Pilot Freight Services

    On October 26, 2016, Pilot Freight Services (“Pilot” or the “Company”) secured a controlling investment from ATL Partners, a leading aerospace, transportation, and logistics-focused private equity firm. BB&T Capital Markets served as the exclusive financial advisor to Pilot.

    Richard Phillips, Chief Executive Officer of Pilot, noted, “Pilot took great care in selecting advisors for this transaction. BB&T brought industry expertise, a deep understanding of Pilot's value, and attention to detail. This transaction is due in large part to their extraordinary efforts.“

    “We appreciate the opportunity to work with the Phillips Family on this important transaction,” said Hugh Rabb, Managing Director and Co-Head of the Logistics & Transportation Group at BB&T Capital Markets. “Rich and the management team have done an amazing job growing the Company and positioning it for long-term success, and we look forward to following Pilot’s continued development as the Company embarks on its new partnership with ATL Partners.”

    “Under the Phillips family’s ownership, the Company has established itself as a premium service provider in the third-party logistics (“3PL”) sector, which continues to be a key focus for our group. We are pleased to have facilitated an excellent outcome for Pilot and its shareholders,” added Keith Prusek, Managing Director and Co-Head of the Logistics & Transportation Group at BB&T Capital Markets.

    Read More
  • MetroGistics, LLC

    On September 30, 2016, MetroGistics, LLC (“MetroGistics” or the “Company”), a portfolio company of Corinthian Capital Group (“Corinthian”), was acquired by Tailwind Capital (“Tailwind”).  BB&T Capital Markets served as the exclusive financial advisor to MetroGistics.

    “MetroGistics is the leading non-asset based provider of automotive logistics services and possesses unparalleled technology in the industry.  Co-founders Scott Naz and Bill Billiter have built a tremendous platform with substantial opportunities for growth,” said Hugh Rabb, Managing Director and Co-Head of the Logistics & Transportation Group at BB&T Capital Markets.

    “MetroGistics represents another successful non-asset based third-party logistics (“3PL”) transaction for BB&T, and the 3PL space continues to be a direct focus for us,” added Karl Kirkeby, Senior Vice President in the Logistics & Transportation Group at BB&T Capital Markets.

    Read More
  • Golden State Overnight

    On September 30, 2016, Golden State Overnight (“GSO” or the “Company”), a portfolio company of The Halifax Group, was acquired by General Logistics Systems (“GLS”), a subsidiary of Royal Mail plc. BB&T Capital Markets served as financial advisor to GSO.

    “We are thrilled to have represented GSO’s shareholders in this transaction.  As a leader in the overnight delivery industry, GSO represents a compelling platform for Royal Mail to execute its strategic expansion into the U.S.,” said Hugh Rabb, Managing Director and Co-Head of the Logistics & Transportation Group at BB&T Capital Markets.

    Read More
  • Seaspan Corporation (NYSE: SSW)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a containership company in the third quarter of 2016, helping to raise $225,000,000 in gross proceeds for our client. The Company will apply to have the Series H perpetual preferred shares listed on the New York Stock Exchange. The completion of this transaction marks BB&TCM’s third capital raise for Seaspan in 2016.

    The Company intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments.The Company has granted the underwriters a 30-day option to purchase an additional 1,350,000 shares at the public offering price to cover over-allotments.

    Read More
  • Span Alaska Transportation LLC

    On August 4, 2016, Span Alaska Transportation LLC (“Span Alaska” or the “Company”), a portfolio company of Evergreen Pacific Partners (“EPP”), was acquired by Matson Logistics.  BB&T Capital Markets served as the exclusive financial advisor to Span Alaska and its shareholders.

    Read More
  • St. George Logistics

    On July 22, 2016, St. George Warehousing & Trucking Co. of California, Inc. (“STG” or the “Company”), a portfolio company of LongueVue Capital, Long Point Capital, and Ironwood Capital, was acquired by Wind Point Partners (“WPP”).  BB&T Capital Markets served as the exclusive financial advisor to STG and its shareholders.

    Read More
  • Seaspan Corporation (NYSE: SSW)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a containership company in the second quarter of 2016, helping to raise $115,000,000 in gross proceeds for our client. The Company has applied to have the Series G perpetual preferred shares listed on the New York Stock Exchange.

    The Company intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments. Total gross proceeds includes the full exercise of the over-allotment option, through which the underwriters purchased an additional 600,000 shares.

    Read More
  • Seaspan Corporation (NYSE: SSW)

    BB&T Capital Markets’ Logistics & Transportation Group completed a transaction for a containership company in the second quarter of 2016, helping to raise $84,525,000 in gross proceeds for our client.

    The Company intends to use the net proceeds of this offering to call a portion of its 9.5% perpetual preferred shares and for general corporate purposes. Total gross proceeds includes the full exercise of the over-allotment option, through which they purchased an additional 810,000 shares.

    Read More
  • Consolidated Aviation Services, LLC

    On February 29, 2016, Consolidated Aviation Services, LLC (“CAS” or the “Company”), a portfolio company of ICV Partners (“ICV”), was acquired by Worldwide Flight Services, Inc. (“WFS”), a portfolio company of Platinum Equity (“Platinum”). BB&T Capital Markets served as the lead financial advisor to CAS.

    Read More
  • Ryder System, Inc. (NYSE: R)

    On February 17, 2016, BB&T Capital Markets served as a co-manager for a $300 million offering of 3.45% senior unsecured notes due in 2021 by Ryder System, Inc. Proceeds from the offering were used for general corporate purposes.

    Read More
  • Ryder System, Inc. (NYSE: R)

     

    On August 17, 2015, BB&T Capital Markets served as a co-manager for a $300 million offering of 2.875% senior unsecured notes due in 2020 by Ryder System, Inc. Proceeds from the offering were used for general corporate purposes.

    

    Read More
  • Hallcon Corporation

    On August 4, 2015, Southfield Capital, a leading lower middle market private equity firm, completed the sale of Hallcon Corporation (“Hallcon”) to NOVACAP.  BB&T Capital Markets served as the co-financial advisor to Hallcon.

    Read More
  • J.B. Hunt Transport Services, Inc. (Nasdaq: JBHT)

    On August 3, 2015, BB&T Capital Markets served as a  co-manager for a $350 million offering of 3.30% notes due 2022 by J.B. Hunt Transport Services, Inc. Proceeds from this offering are being used to repay maturing bond issues and to pay down amounts outstanding on the company’s revolving credit facility.

    

    Read More

Our Areas of Expertise

Third-Party Logistics:

Contract Logistics, Supply Chain Services, Transportation Management, Courier Express/Delivery, Expedited, Intermodal, Freight Brokerage, Freight Forwarding and Air Cargo

Trucking:

Truckload, Less-than-truckload, Bulk, Niche and Dedicated

Rail:

Class I, Short-Line Railroads and Rail Services

Marine:

International Shipping, Inland Barge and Port Services

Waste Services:

Collection and Processing/Disposal

Transportation Equipment:

Manufacturing, Distribution and Leasing

Passenger Transportation:

Motorcoach, Paratransit, Employee Transportation, Shuttle and Airport/Airline Service