Pacific Cargo Services, LLC – SC&H Capital was retained to find a buyer for this provider of same-day and next day freight, courier and logistics services for companies throughout Oregon, Washington, Idaho, Utah, and Northern California. SC&H Capital identified 56 interested prospects with 10 separate groups conducting advanced diligence with company management and received offers from five groups.
An auction was held, resulting in a sale of the business to Postal Express, Inc. that allowed the business to continue to operate without a single day of interruption for clients or employees. Rolling stock that was not essential to ongoing operations was sold to Hilco Industrial LLC while the secured creditor opted to collect the accounts receivable.
