Generational Capital Markets Advises Clay’s Transportation in Sale to P&S Transportation

Generational Capital Markets, a mergers and acquisitions advisor for privately held businesses, advised Clay’s Transport and its sister entity, Clays Logistics, in its sale to P&S Transportation, a subsidiary of PS Logistics. The acquisition closed Oct. 31.

Clay’s Transport, (CTI) is a provider of general freight and diesel repair services. Trucking services include dry van, flatbed, heavy haul, and full-scale third-party (3PL) freight delivery brokerage services through its sister entity, Clays Logistics LLC. Both companies also offer an on-site, full-service mechanic shop from its facility in Brookhaven, Mississippi. Clay’s Transport, Inc. and Clay’s Logistics, LLC were both owned by Reed Capital Investors and James Waldrop.

CTI will be managed by James Waldrop as a separate division of P&S Transportation under the leadership of Houston Vaughn, president and COO of P&S Transportation, organizationally. CTI will continue to operate under the Clay’s Transport brand name.

“Clay’s brings great freight synergies to both our companies as well as our customers,” Scott Smith, CEO of PS Logistics, said. “It also further establishes our driver base in the Southeast and adds our first trucking terminal in Mississippi to our growing national network.”

“P&S will be a great partner for our business,” Waldrop said. “Both of our companies are committed to our drivers and their success and we share a positive culture that creates an ideal environment for everyone to grow and prosper.”

The CTI acquisition continues PS Logistics’ acquisition strategy of partnering with families and owners within the flatbed trucking segment. Since 2016, PS Logistics successfully acquired 26 trucking and brokerage operations. Generational Capital Markets’ senior managing director, M&A, Chris Heckert, with the support of vice president, M&A, Nydia Blanco successfully closed the deal.

“I look forward to seeing how this acquisition allows Clay’s Transport and Clays Logistics to grow and expand in their region and was happy to help facilitate another sale for Reed Capital Investors,” Heckert said.

“We are excited to have another successful exit,” Bernie Reed, owner of Reed Capital Investors, said. “We have another company seeing very strong growth and are under letter on our next holding. The future looks very bright!”

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