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Monroe Street Partners Completes Acquisition of American Roadway Logistics to strengthen its market leadership

Jun 05, 2024•about 1 year ago

Acquiring Company

Monroe Street Partners

Acquired Company

American Roadway Logistics

ChicagoNortonVenture CapitalTransportationConstruction

Description

Monroe Street Partners has acquired a majority equity stake in American Roadway Logistics (ARL) in partnership with ARL’s founders, Heidi and Jon Claxton, marking MSP’s third platform investment. ARL, based in Norton, OH, is a leading provider of pavement marking and traffic maintenance services, and the partnership will provide ARL with additional financial and strategic resources to bolster their market leadership and continue to provide best-in-class service to their customers.

Company Information

Company

Monroe Street Partners

Location

Chicago, Illinois, United States

About

Monroe Street Partners ("MSP") seeks to invest in, grow and improve established and profitable lower middle-market businesses. Based in Chicago, MSP is seeking to build a concentrated portfolio of family and founder-run businesses across the Business Services and Industrial Sectors with EBITDA between $2 and $5 million and a demonstrated track record of consistent profitability and cash flow generation. MSP is led by Managing Partners Alex Foshager and Ken Mill who previously worked in Goldman Sachs' Investment Banking Division.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

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