PRZOOM - /newswire/ -
Fort Collins, CO, United States, 2014/07/16 - Transpro, Inc. and Burgener Trucking, Inc. recapitalized by Linx Partners - CitadelAdvisory.com.
Citadel Advisory Group, LLC, a Colorado based investment banking firm specializing in the oilfield service industry, announces the acquisition of Transpro, Inc and Burgener Trucking, Inc (Transpro-Burgener) by Linx Partners. Peter Hicks, Managing Director and Founder of Linx Partners, commented,“Linx looks forward to establishing Transpro-Burgener as the leader in bulk material hauling in the Rocky Mountain Region and working with Curt Burgener and his management team. This transaction represents the fifth logistics investment accomplished by our firm. We appreciate Citadel’s professionalism and dedication to executing this transaction.”
Citadel Advisory Group represented Transpro-Burgener. “We are honored that this remarkable third-generation company chose Citadel to assist them with the preparation and successful execution of this transaction.” said Chris Frevert, Citadel’s Founder and Managing Director. “We are honored to work with closely-held businesses. Curt and the Burgener family have done a tremendous job growing their company, and we are excited to see what the new partnership will bring.” added Aaron McCambridge, Vice President of Citadel Advisory Group.
Owner, Curt Burgener, grew the third-generation company along with his father and brother, which was started in 1946 with a WWII GI loan by his grandfather. Today, the company has locations in Colorado and Wyoming and serves the oilfield materials, infrastructure/construction, and mining/raw materials industries from the Williston Basin to the Denver-Julesburg Basin. The equipment complement includes over 500 power units, tanks and trailers.
About Linx Partners
Linx Partners invests in lower middle-market, U.S.-based companies with a focus on industrial manufacturing, business services and specialty distribution companies with annual revenues between $20 million and $125 million. Linx Partners provides a unique approach to structuring transactions and offers a value-add partnership with family/entrepreneur managers.
About Citadel Advisory Group
Citadel Advisory Group (citadeladvisory.com) is a mid-market Investment Banking and merger and acquisition advisory firm focusing on the energy service sector, and those that manufacture into the oil and gas industry. Citadel offers M&A advisory services, recapitalizations, exit and succession planning, valuations, divestment advisory and strategic financial advisory services. Security transactions are offered through Hunter Wise Securities, LLC, with offices worldwide. Hunter Wise is a registered broker dealer, member FINRA/SIPC.