Cowen Truck Line Inc
Company Description
Cowen Truck Line Inc. (“Cowen” or the “Company”), headquartered in Perrysville, Ohio, and founded in 1972, is a leading family-owned and operated asset-based trucking company, providing a comprehensive service offering ranging from local and regional to long-haul dry van transportation services. Along with the Company’s core dry van transportation solution, Cowen also operates a third-party logistics business, as well as a trailer rental business.
Services Provided
MelCap Partners served as the exclusive investment banker and financial advisor to Cowen through the sale of the business. MelCap Partners would like to thank Tim Cowen, President & Shareholder of Cowen, for hiring MelCap to represent him in this transaction. It was an honor and pleasure to work with the Company throughout this exciting process.
Result
In an effort to provide Tim Cowen and his family with liquidity and to continue to support the Company’s strategic growth plans, MelCap Partners was able to successfully identify the ideal buyer for the business. As a result, Cowen was sold to Hornish Bros. Inc. (“HBI”), headquartered in Defiance, OH. HBI was founded in 1946 and provides asset-based, dry van trucking and logistical services.
Client Quote
"MelCap Partners' professionalism and attention to detail was crucial to the successful sale of Cowen Truck Line, Inc. The MelCap team was a valued partner in every phase of the transaction process from valuation of the Company to due diligence to signing and closing. I am thankful for MelCap's guidance and persistence that allowed Cowen Truck Line to be part of a successful transaction."
Mr. Tim Cowen
President of Cowen Truck Line, Inc.
"We would also like to thank the deal teams for both sides that worked on this transaction. We could not have completed this transaction without your tireless efforts. More specifically, we'd like to thank Leonard & Terzola Co Ltd, Whitcomb & Hess, Inc., and Stoll Keenon Ogden PLLC."
Deal Team
Cowen Truck Line, Inc.
About MelCap Partners, LLC
MelCap Partners (www.melcap.com) is an investment banking advisory firm specializing in providing high quality and innovative financial advisory services to middle market companies. Services provided include merger, acquisition, and divestiture advisory services, the private placement of senior debt, subordinated/mezzanine debt, and equity capital, and general advisory services including business valuations, restructurings, and feasibility assessments. In order to assist MelCap Partners with securities related transactions, the investment bankers of MelCap are Registered Principals/Representatives of M&A Securities Group, Inc. (“MAS”), a FINRA broker-dealer firm.
About Globalscope Partners Ltd.
MelCap Partners is also a partner in Globalscope Partners Ltd., (www.globalscopepartners.com), an international M&A network with 55 firms in 46 countries. Globalscope is a leading group of investment bankers and business advisors supporting clients in domestic and international M&A transactions.
Providing the Services Business Owners Need for Over Two Decades
At MelCap Partners, our team of experienced industry professionals has a high amount of respect for business owners making pivotal decisions — whether they’re selling their business or expanding. We do our best to provide services that honor the work they’ve put into building their business from the ground up.
We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.
If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.
- Category: Sell-Side M&A, Specialty Distribution