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Transflo is the leading provider of tech-enabled revenue cycle, document management and invoicing solutions to the transportation industry.

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IV

Fund

IV

Fund

Transflo

Location Tampa, FL

Year of Investment 2013

CEO Frank Adelman

Status Exited 2017 (Partial)

Value Creation Initiatives

What did the business need?

In October 2013, Carousel Capital exclusively negotiated a management recapitalization of Transflo with its family office owner, which retained a minority stake in the transaction. Carousel’s investment created an opportunity for senior management to invest and own a significant stake in the success of Transflo.

What outcomes did we achieve?

Partial exit through recapitalization with True Wind Capital in November 2017. 

How did we create value?

  • Established a holistic approach of building the core value of the business to facilitate strategic decision making
  • Significantly extended strategic channel agreements with industry partners
  • Directly sourced and negotiated the acquisition of TripPak, an orphaned division of Xerox Corporation in May 2014
  • Continue to add blue-chip customers and deepen existing customer relationships
  • Introduced enhanced digital solutions including software and mobile applications to further entrench strategic value proposition
  • Strengthened IT infrastructure for greater scalability and mission critical reliability
  • Penetration of small and medium-sized carriers, 3PLs and shippers

Being introduced to Carousel Capital proved to be a great catalyst for our company by not only creating more ownership opportunity for our management team, but also by their support of a more aggressive growth strategy for us to pursue."

Frank Adelman, CEO, Transflo