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Capital Express and ADL Delivery Join Forces to Form Final Mile Delivery Platform
Capital Express , an Omaha-based final mile delivery company , and
ADL Delivery , a Tampa-based final mile delivery company , have joined forces under a newly-established holding company to build a nationwide provider of customized and final mile logistics services . On a combined basis , the companies operate from 45 locations in 15 states .
The new platform will be led by Monte O ’ Hara , founder of Capital Express , as Chief Executive Officer , Thomas Jowers , co-owner of ADL Delivery , as Chief Operating Officer , and industry veterans John Benko and Randy Edmonds as President and Chief Commercial Officer , respectively . The new holding company has partnered with Red Dog Equity LLC , an Atlanta-based private equity firm , to provide the company with growth capital .
Capital Express , founded in 1987 has been led by its founder Monte O ’ Hara , who grew the business into the Midwest ’ s premier final mile logistics provider . O ’ Hara said , “ We are thrilled with the prospects of combining the Capital Express and ADL Delivery networks and customer bases and view this as the first of many key growth initiatives in developing a leading final mile logistics provider .”
John Benko , the new platform ’ s President , stated , “ We intend to be the partner of choice for final mile logistics entrepreneurs seeking growth capital or an opportunity to transition their businesses .” He added , “ We have a shared vision to build an industry-transforming final mile logistics platform that creates opportunities for our employees , customers , and contract drivers .”
“ These two great companies have combined territories covering the Midwest and Southeast and are led by two of the most respected and successful entrepreneurs in the industry [ O ’ Hara and Jowers ],” said Randy Edmonds , the platform ’ s new Chief Commercial Officer .
Red Dog Equity LLC , an Atlanta-based private equity firm , which , through its partnership with Monroe Capital LLC and Tom Pritzker ’ s family business interests ( advised by The Pritzker Organization ), has equity capital available to fund the platform ’ s future acquisitions . Red Dog ’ s co-founder , Tom Connolly , was previously senior vice president of acquisitions at XPO Logistics , Inc . and has extensive experience in the transportation and logistics sectors . Monroe Capital also provided debt financing and an acquisition facility to the combined company . G2 Capital Advisors advised Capital Express . CLDA
Thomas Jowers , Chief Operating Officer of ADL Delivery , added , “ This is a key inflection point for the industry , and we believe there are significant opportunities to leverage best practices , infrastructure , and expertise between ADL and Capital Express , to not only continue to grow within our existing territories , but also expand into new markets . With Monte [ O ’ Hara ], John [ Benko ], Randy [ Edmonds ], and the Red Dog team , the depths of knowledge and resources this team brings to the table is second to none .”
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SPRING 2022 customized logistics & delivery Magazine 63