Ridgefield Partners is pleased to announce the acquisition of its client -Dedicated Carriers, Inc.(“DCI”),amultimodalOTR 3PLheadquarteredinTampa,Florida-byR2X,LLCdba Ready-2-Xecute (“R2X”), an expedited 3PL company headquartered in Indianapolis, Indiana.
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Establishedin1994byDannyMills,DedicatedCarriersisexpertacrossallmodesofover-the-road(“OTR”) equipment – from Flatbed, Step Deck, Drop Deck, and Specialized Oversized/Overweight Shipments to Dry Van, Air Ride, Refrigerated, Less Than Truckload (“LTL”),HighValue, and Exclusive Use Equipment.
Ready-2-Xecute was founded in 2020 by Joel Hale and has quickly grown to become one of Indianapolis' leading third-party logistics providers by emphasizing their dedication to customer experience and mission- driven team members.
DannyMills (Founder & CEO, DCI) commented, “We launched Dedicated in 1994 with a simple goal of providing great services for our customers. Dedicated was able to achieve that goal by hiring and retaining some of the best talent in the industry. I can't thank my team enough for all their hard work and support over the years. We are excited to partner with Ready-2-Xecute. Joel Hale and his team have built a similarculturethatwillallowDCItoprosperforyearstocome.”
JoelHale(Founder&CEO,R2X)added,”Wecouldn'tbehappiertowelcomeDedicatedCarriers'employeesintotheReady-2-Xecutefamily.Ourcustomer-focusedculture aligns perfectlywiththeDedicated team. We are looking forward to expanding our Tampa, Florida office to continue to supportourclients andteammembers.”
Eric Meek (Managing Director, Ridgefield Partners) said, “Ridgefield was fortunate to be the exclusive sell- side advisor for Dedicated Carriers. We were introduced to Danny and his team in July and were able to identify the perfect partner in Ready-2-Xecute. The alignment between the two teams' cultures and values allowed the transaction to move forward to a timely closing. We can't be happier for Danny and are excited to see the combined team continue to drive customer-focused growth under Joel's dynamic leadership.”
Ridgefield'sadvisoryteamwasledbyEricMeek(ManagingDirector)andassistedbyToddHarman(Partner)andMichaelSeeley(Partner).
About Ridgefield PartnersRidgefield Partners is a specialized mergers & acquisitions firm servicing middle-market companies throughout North America. Ridgefield combines a proven track record in M&A, private equity, and investment banking with the perspective of having owned, operated, and sold businesses as principals. Ridgefield has offices in Denver, Seattle, Portland, Los Angeles, Memphis, Houston and Indianapolis.
Website: https://ridgefieldpartners.com/
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SOURCE Ridgefield Partners
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