TBI inc acquired by Eberhart Capital

By Generational Equity


Generational Equity Advises TBI in Sale to Eberhart Capital

DALLAS, April 30, 2019 – Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, TBI Inc., to Eberhart Capital. The acquisition closed April 12, 2019.

TBI serves the continental U.S. with full truckload refrigerated and dry van shipment services out of its headquarters in Sioux Falls, South Dakota. Its state-of-the-art refrigerated trailers enable shippers to have single, dual or triple temperatures within one trailer. Its fleet of trucks has trailer satellite tracking that allows remote setting and monitoring of temperatures, location, and security.

Eberhart Capital is a private equity firm based in Scottsdale, Arizona. It specializes in growth-driven return strategies in the U.S. and global markets. TBI will complement one of Eberhart’s previous investments in Twin Express Inc., another truckload carrier.

Generational Equity Executive Managing Director Stephen Crisham’s team, led by Senior M&A Advisor Dave Lewis with support from VP Lori Galloway, successfully closed the deal. Senior Managing Director Rick Buchoz established the initial relationship with TBI.

“Finding that ‘right buyer’ for TBI was important for both parties so the solid future envisioned for this company is achieved,” said Lewis. “I believe the joining of these two firms will insure that growth. It was a pleasure working with TBI President, Randy Thompson, and the lead advisor/counselor for Eberhart, Hugh Lehr, to get the deal completed.”

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.