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"Given the proximity of our headquarters to Ryder’s, we had always thought that they may eventually be a good partner. However, McColl Partners’ disciplined process and dedication were critical components of our ability to achieve our transaction objectives and create the best possible outcome for the business in the long-term."
Jim Hammel
President and CEO
Gator Leasing, Inc. |
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"As a result of Jim Hammel’s leadership, Gator’s brand name, and strong market position in Florida, the Company was an extremely attractive target for potential acquirors. Ryder Truck Rental is a great strategic fit, and both parties will gain substantially from the combination by being able to better serve their collective customers through enhanced infrastructure."
Matt Preece
Vice President
McColl Partners, LLC |
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Deal Summary
McColl Partners, LLC served as financial advisor to Gator Leasing, Inc. (“Gator” or the “Company”) in the sale of substantially all of its assets to Ryder Truck Rental, Inc. (“Ryder”). Ryder’s acquisition of Gator’s fleet of approximately 2,300 trucks and four locations will join two of the largest truck leasing and rental companies in Florida. The Gator acquisition will strengthen Ryder’s Florida network and add a talented work force with a reputation for customer service. The McColl Partners team was comprised of Dave Vorhoff, Matt Preece, Dave DeMasi, and Jae Yi.
About Gator Leasing, Inc.
Gator Leasing, Inc. is a leading provider of premium truck leasing, rental, maintenance, and dedicated logistics services. Founded in 1975 with eight trucks and a single location, the Company has grown to an operation with approximately 2,300 trucks and multiple locations in major metropolitan areas throughout Florida. Gator has distinguished itself in a competitive market by providing its industry-leading customer service to over 300 contract customers.
About Ryder Truck Rental, Inc.
Ryder Truck Rental, Inc., a subsidiary of Ryder System, Inc., provides transportation services with a fleet of over 126,000 commercial trucks, tractors, and trailers. Headquartered in Miami, Florida, Ryder System, Inc. generated $6.5 billion in revenue in 2007 from operations in North America, Latin America, Europe, and Asia. Ryder System, Inc. provides fleet management solutions, supply chain solutions, and dedicated contract carriage services.
About McColl Partners, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with private equity groups, entrepreneurs, family-owned businesses, public companies, financial institutions, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about our Business and Financial Services Group, please contact Phil Colaco or Brian Davis at (704) 333-0525. More information about McColl Partners can be found at http://www.mccollpartners.com/. |
