Marriott & Co. Serves as Exclusive Financial Advisor to C.R.T.S., Inc.
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to C.R.T.S., Inc. and its division Utility Trailer Sales of Virginia (collectively “C.R.T.S.” or the “Company”) in its sale to Utility Trailer Sales of Georgia. The new combined company will be known as Southeast Utility Trailer, LLC and will have eight locations in five states across the Southeastern U.S. The transaction closed on August 31, 2023. Terms of the transaction were not disclosed.
Founded in 1971 by Tommy Crowder Sr., C.R.T.S. is one of the Southeast’s largest and most respected semi-trailer dealerships representing some of the top manufacturers in the industry, including Utility Trailer Manufacturing Company, the industry’s largest manufacturer of refrigerated trailers. In addition to sales of new and used semi-trailers, C.R.T.S. operates service facilities with factory-trained technicians and the latest tool and repair technologies, offering its customers every service from routine maintenance to major wreck repairs. The Company also stocks an extensive inventory of parts for nearly every make and model of trailer on the roads today. C.R.T.S. is headquartered in Garner, NC and has five locations across North Carolina, Virginia and South Carolina.
“I am excited about the transaction with Utility Sales of Georgia and believe they will continue to build upon the 52-year successful track record of C.R.T.S. for many years to come,” said Mark Taylor, former President of C.R.T.S., “I would like to thank Marriott & Co. for their guidance throughout the sale process. They were hands-on, responsive and absolutely critical to making this transaction a success for our company.”
Bryan Burden, Managing Director of Marriott & Co. said, “We are honored that C.R.T.S. entrusted our firm to advise them in this important transaction. C.R.T.S. is a company with such a proud history and strong reputation built over more than five decades, so it is extremely rewarding for our firm to play a role in the Company’s successful and smooth ownership transition to another highly respected company in the industry.”
“The C.R.T.S. transaction is representative of the momentum we are seeing in the M&A market this year,” added Justin Marriott, Managing Director of Marriott & Co., “There continues to be a robust universe of buyers of closely-held businesses providing our clients with the opportunity to transition ownership of their companies on attractive terms but also with buyers who will be good stewards of their businesses going forward.”
About C.R.T.S., Inc.:
Founded in 1971 by Tommy Crowder Sr., C.R.T.S. and its division Utility Trailer Sales of Virginia (collectively “C.R.T.S.” or the “Company”) is one of the Southeast’s largest and most respected semi-trailer dealerships representing some of the top manufacturers in the industry, including Utility Trailer Manufacturing Company, the industry’s largest manufacturer of refrigerated trailers. The Company serves a longstanding and diverse customer base. In addition to sales of new and used semi-trailers, C.R.T.S. operates service facilities with factory-trained technicians and the latest tool and repair technologies, offering its customers every service from routine maintenance to major wreck repairs. The Company also stocks an extensive inventory of parts for nearly every make and model of trailer on the roads today. C.R.T.S. is headquartered in Garner, NC and has five locations across North Carolina, Virginia and South Carolina. The Company has over 100 employees across its five branch locations. For more information, please visit www.crtsinc.com.
About Utility Trailer Sales of Georgia:
Headquartered in Stockbridge, GA, Utility Trailer Sales of Georgia (“UTS of Georgia”) is a full-service dealer of new and used semi-trailers featuring products from top manufacturers including Utility Trailer Manufacturing Company. In addition to sales, UTS of Georgia offers its customers high-quality service, parts and a fleet of trailers for rental/lease. In addition to its headquarters location in Stockbridge, GA, UTS of Georgia also operates facilities in Gainesville, GA and Knoxville, TN. The company was founded in 2006 and is led by its President Mark Beecher.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Contact: Justin Marriott
Phone: (804) 344-0952
justin@marriott-co.com
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