Marriott & Co. Serves as Exclusive Financial Advisor to COX Transportation Services, 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 COX Transportation Services, Inc. (“COX” or the “Company”) in its recapitalization. COX management worked with Capital One Bank and Peninsula Capital Partners to refinance its existing credit facilities and buyout a minority equity position in the Company. The transaction closed on March 17, 2017. Terms of the transaction were not disclosed.
Established in 1982, COX provides freight hauling and brokerage services to customers in a diversified group of industries across the U.S. The Company specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. COX also operates a brokerage division that serves carriers and freight customers with logistics optimization services. The Company is based in Ashland, VA.
“Marriott & Co. did an excellent job in completing the transaction under great terms for our Company that will ensure its continued success,” said Jay Smith, President of COX. “I am extremely grateful for the high level of integrity and professionalism that Justin and his team displayed from start to finish. We are excited about our relationship with two strong financing partners committed to our future success.”
Justin Marriott, Managing Director of Marriott & Co., added, “It was an absolute pleasure working with COX again. Jay and the rest of the team have built an impressive business and we are happy that we have helped them achieve their goals in this recapitalization and secure such solid financial partners.”
About COX Transportation Services, Inc.:
Headquartered in Ashland, VA, COX (http://www.truckingforamerica.com/) is a leading provider of freight hauling and brokerage services to customers in a diversified group of industries across the U.S. COX specializes in transporting time-sensitive full truckload freight on a local, regional and national basis. The Company also operates a brokerage division that serves carriers and freight customers with logistics optimization services.
About Marriott & Co.:
Headquartered in Richmond, Virginia, 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