Robert L. Johnson and RLJ Equity Partners LLC Announce The Formation of RLJ Thompson Trucking
RLJ Thompson Trucking is a leading provider of industrial logistics solutions, serving both commercial and governmental customers in the Mid-Atlantic region
BETHESDA, Md., Jan. 3, 2013 /PRNewswire/ -- Robert L. Johnson, founder and chairman of The RLJ Companies and chairman of RLJ Equity Partners, LLC, today announced the acquisition of R. Thompson Trucking, Inc. from Linx Capital Partners.
"RLJ Thompson Trucking is the leading transportation company in the Mid-Atlantic," said Johnson. "We are pleased to partner with a company that has earned a reputation as one of the safest and most reliable carriers in the region. Thompson is a trusted brand and we are delighted and look forward to working with Richard L. Thompson, the president and CEO, to further expand the company's presence throughout the country. My goal is to make RLJ Thompson the largest minority owned transportation company in the country," he concluded.
"We are excited to partner with Rick Thompson and the senior management team of Thompson Trucking, and we look forward to expanding the Company's geographic footprint throughout the Mid-Atlantic and Southeastern states," said Rufus H. Rivers, managing partner of RLJ Equity Partners, LLC. "Under Rick's leadership, the Company has proven its ability to grow both organically and through acquisitions, and we look forward to continuing this impressive growth trend."
"We are delighted to join with RLJ Equity Partners and we are confident that we will continue to thrive and expand our national presence in the industry with RLJ's management and expertise," said Rick Thompson, president and CEO of RLJ Thompson Trucking. "I am incredibly proud of the company's solid reputation and our diverse customer base and I strongly believe our partnership with RLJ is a catalyst for significant growth and future success within the industry."
RLJ Thompson Trucking is a regional trucking company serving a diverse group of industrial and municipal customers, including aggregates companies, industrial recyclers and waste collection and disposal companies primarily in Virginia and northern North Carolina. With a fleet composed of over 150 tractors, 100 dump trucks and 500 trailers, RLJ Thompson hauls a wide range of commodities including aggregates, scrap metal, non-hazardous waste, salt and snow for its customer base.
Western Reserve Partners LLC served as the exclusive financial advisor to R. Thompson Trucking, Inc., in its sale to RLJ Equity Partners, LLC. The transaction closed on December 31, 2012.
About RLJ Equity Partners
About RLJ Thompson Trucking, Inc.
About Western Reserve Partners LLC
Western Reserve is a member of M&A International, the world's largest alliance of investment banking firms, as well as World Services Group, a global consortium of middle market focused law firms and other advisors, which provides unparalleled access to global companies and investors. It is a FINRA-member broker/dealer and member of SIPC.
RLJ Equity Partners Contact: T. Otey Smith 240.744.7893
The RLJ Companies Media Contact: Traci Otey Blunt 240.744.7858
SOURCE The RLJ Companies
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