BofA, Others Arrange Marquette Transportation Acquisition

Marquette Transportation announced that BDT Capital Partners acquired a majority interest in the company, creating a long-term partnership with current minority shareholders, including CEO and president John Eckstein, other members of the Eckstein family, and Marquette management. The company was a portfolio company of KRG Capital Partners.

Harris Williams & Co. acted as the exclusive financial advisor to Marquette Transportation. Bank of America Merrill Lynch, PNC Bank and Wells Fargo Capital Finance acted as joint lead arrangers for a senior secured credit facility; Bank of America Merrill Lynch also acted as administrative agent for the facility. BDT & Company, LLC, an affiliate of BDT, acted as placement agent in connection with the transaction. Additional terms of the deal were not disclosed.

“We met the BDT team as we were beginning to think about a capital partner for the next 10+ years,” said John Eckstein. “We were attracted to their long investment horizon and their strategic approach to partnering with me and the Marquette management team. We are very excited about the next decade for Marquette.”

”We are thrilled to partner with John, his family, and the Marquette management team,” said Byron Trott, chairman and CEO of BDT. “Marquette has built its industry-leading position by investing in a world class fleet and providing excellent customer service. Our long-term capital will provide a solid foundation and long runway to pursue a number of exciting growth initiatives.”

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