Larsen, Batts, Welborn & Co., specialists in mergers & acquisitions, and Transport Capital Advisors, LLC, a broad-based transportation services company, recently announced that they have joined forces to create a new company.
Called Transport Capital Partners, LLC (TCP), the new firm will provide financial services to the transportation industry, focusing on extending merger and acquisition services, capital sourcing, and financial advisory services.
TCP’s partners will consist of the principals of Transport Capital Advisors – Steven Dutro, Richard Mikes, and James Schnoes – and the principals of Larsen, Batts, Welborn & Co. – Gailyn Larsen, Lana Batts, and Miller Welborn.
“The escalating pace of change in the trucking industry will continue to impact the business environment for carriers of all sizes and will manifest itself in increased need for professional financial services,” said Steven Dutro. “Our merger reflects that trend, permitting Transport Capital Partners to deliver owners’ divestiture objectives, to source appropriate layers of capital, and to extend advisory services along a broad spectrum, from the Board Room to the front-line of driver recruiting.
“Transport Capital Partners followed the same advice we give to many of our clients… to merge operations when the benefits of the combined entity will be greater than that of the individual companies,” said Jim Schnoes.