Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised RoadOne IntermodaLogistics, LLC (RoadOne), a portfolio company of Tritium Partners (Tritium), on its recapitalization and growth investment with Nonantum Capital (Nonantum). RoadOne is a leading full-service intermodal transportation and related logistics company. The transaction was led by Jason Bass, Frank Mountcastle, Jershon Jones, James O’Malley and Nick Petrick of Harris Williams’ Transportation & Logistics (T&L) Group.
“We are thrilled to have worked with RoadOne on this highly successful and important transaction which marks a major milestone for the company,” said Jason Bass, a managing director at Harris Williams. “Founders Ken Kellaway and David McLaughlin, along with Executive Chairman Ron Sorrow, have created a premier platform in the intermodal sector. In partnership with Tritium over the last few years, they have successfully created a market leader that will continue to set the standard for intermodal drayage transportation and logistics services in North America.”
As part of the recapitalization and growth investment, the current management team will continue to lead RoadOne. Kellaway will remain as president and chief executive officer, and McLaughlin will continue to serve as chief operating officer and chief financial officer. Both Kellaway and McLaughlin will continue to be investors in the new organization.
“David and I, along with the rest of the RoadOne team, are excited to partner with the Nonantum team in our next phase of growth,” said Kellaway. “We will work with our new partners to continue our expansion efforts and to invest further in our industry-leading technology, as well as expand our geographical footprint and service offering through continued acquisitions, agent expansion and strong organic growth focus. As a leading provider in the intermodal transportation space, we are continually focused on our mission for RoadOne to serve as the premier platform for our customers, owner / operator providers and team members.”
RoadOne is a premier full-service intermodal transportation and related logistics company in North America. Offering industry-leading port and rail container drayage, terminal operations, dedicated truckload services, and transloading, warehousing and distribution solutions nationwide, RoadOne provides transportation solutions across the United States and Canada. Under the leadership of Kellaway, McLaughlin and Sorrow and with strong support from Tritium, RoadOne has grown to become one of the leading national intermodal drayage providers with over 60 locations, 1,700 trucks and multiple service brands and solutions, including First Coast Logistics, Jarvis Trans and United Global Logistics, all acquired as part of a strategic effort to expand RoadOne’s services and geographic presence.