Transflo
Business Services
Transflo is the leading provider of tech-enabled revenue cycle, document management and invoicing solutions to the transportation industry.
IV
Fund
IV
Fund
Fund IV
Location Tampa, FL
Year of Investment 2013
CEO Frank Adelman
Status Exited 2017 (Partial)
Results
Grew revenue by92%over our investment period
Increased EBITDA by ~ 4xduring Carousel's hold period
Extended exclusive strategic channel agreements to 2030
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?
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
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