Intrepid Acts as the Exclusive Financial Advisor to American Logistics Company on Its Dividend Recapitalization

Intrepid announced today that it acted as the exclusive financial advisor to American Logistics Company (ALC)—a dominant market leader in the transportation management industry—on its dividend recapitalization with Comerica and Fifth Third Bank. Through its sophisticated dispatch operations and its own in-house proprietary routing software, ALC coordinates and manages millions of trips per year under long-term contracts with public school districts, healthcare providers, and municipalities.

Nearly 14,000 school districts across the United States leverage third party or in-house transportation resources to bring children with special needs to school every day. In addition, healthcare payors and institutions must provide high-touch non-emergency medical transportation (NEMT) and non-medical transportation (NMT) to millions of patients each year. ALC has serviced more than three million trips and has provided cost-saving transportation solutions that deliver high-quality rider experiences.

“ALC has an impeccable track record of providing high-touch services to the special needs population nationwide,” said Jonathan Zucker, Head of Capital Markets at Intrepid. “The company has earned its stellar reputation through a deeply ingrained commitment to rider satisfaction, coupled with world-class technology that ensures that riders get to school or the doctor safely and on time. The new credit facility will provide liquidity to ALC’s shareholders and support the company’s working capital needs, enabling it to continue to expand as a leading provider of NEMT and special needs transportation management services.”

“Intrepid’s team really understands our story and position in the market. The demand for high-touch transportation management among special needs and elderly populations is rapidly growing, and there is a greater focus on minimizing costs while maintaining high service standards,” commented Craig Puckett, CEO of ALC. He added, “Intrepid’s hands-on process generated a superior result in a tight timeframe with minimal distraction to management.”

ALC operates from its corporate office in San Clemente, Calif. and operations center in St. George, Utah, along with a dispatch office in North Carolina and field operations across the country. ALC’s heritage dates to 1999 when SuperShuttle founder Mitch Rouse founded ALC’s predecessor “Call Oscar,” an on-demand transportation service provider serving the NEMT industry. In 2006, with Mr. Rouse and his partner Steve Maloy at the helm, management decided to pursue an asset-light model and founded American Logistics Company. Since 2006, ALC has rapidly grown into a leading national provider of transportation management for school districts and healthcare providers across the nation.

Deal Team Contacts

Jonathan Zucker, Head of the Capital Markets Group

Gary Rabishaw, Managing Director

About Intrepid Investment Bankers

Intrepid provides M&Acapital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity, and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms.