Paschall Truck Lines, Inc.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Paschall Truck Lines, Inc. (PTL) is a truckload carrier and freight company founded in 1937 by L.W. Paschall and Mary Frank Paschall. The company is headquartered in Murray, Kentucky. Originally a less-than-truckload (LTL) operation with a single truck, PTL grew into a national carrier and transitioned to a 100% employee-owned structure via an Employee Stock Ownership Plan (ESOP) in 2012. Business/Product Breakdown: Paschall Truck Lines, Inc. provides a range of over-the-road transportation and logistics services across the United States and Mexico. The company primarily operates as a dry van truckload carrier, utilizing a fleet of company-owned tractors and trailers for irregular-route, regional, and dedicated hauling. Its service portfolio includes expedited and team-driving solutions for time-sensitive freight, as well as freight brokerage services through Paschall Logistics to offer non-asset-based capacity. Additionally, PTL offers trailer leasing and rentals for storage and cartage needs through PTL Rentals. The company employs on-board telematics for freight tracking and safety systems to monitor its cross-border and domestic operations.
Keywords
Keywords
Classified
Private