Pryor Cashman Represents Logistics Company in Acquisition And Financing Transactions
Pryor Cashman represented Unified Logistics Investors LLC and its subsidiaries in its acquisition in August 2008 of two transportation logistics companies, one based in upstate New York and the other in Houston, Texas.
The acquired companies provide interstate and international truckload transportation and logistics services across various industries, including the oil and gas industry. Unified is a newly-formed entity created to unify existing specialized logistics businesses primarily focused on handling and delivery of urgent and/or over-dimensional freight, as well as transportation, warehousing and supply chain management.
Pryor Cashman also represented Unified in its equity financing involving the sale of limited liability company membership interests, as well as in its debt financing provided by Wachovia Bank, National Association. A portion of the proceeds of the financings were used to consummate the acquisitions described above.
The Pryor Cashman team that advised Unified on the acquisitions and the equity and debt financings included partners Eric Hellige, John Crowe and Christopher Mellevold and associates Louis Ciccone and Robert Lamonica. In addition, partner Eric Woldenberg provided tax advice and associate Ben Tieg provided real estate support.
