Apr 2019 | South Dakota

TBI Acquired By Eberhart Capital

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.”

Generational Equity is committed to supporting our clients on their path to exit, helping them complete transactions that benefit all parties and match their ambitions for the future, whatever they may be.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Transportation & Distribution page.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Food, Beverage & Consumer Products/Services page.

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