Potter Trucking, Inc. has been acquired by Blueknight Energy Partners, LP

The Selling Company: Potter Trucking, Inc.

Why the company was sold: The majority shareholder was nearing retirement age and wanted to begin the process of selling his company. The buyer saw an opportunity to eliminate a fierce competitor and gain access to their customers.

Capital Alliance’s Performance: CA introduced 25 potential buyers in the process, both strategic and financial, and worked quietly and confidentially with an interested direct competitor. We were able to get the parties in contact for calls and meetings. CA’s help in getting the closing documents in order and helping negotiate the Purchase and Sale Agreements were critical to getting the deal closed.

Terms of the Transaction: All cash.

The Acquiring Company: Blueknight Energy Partners, LP