Capital Express, ADL Delivery Team to Form Final Mile Delivery Platform
April 12, 2022
Express, an Omaha-based final mile delivery company, and ADL Delivery, a
Tampa-based final mile delivery company, have joined forces under a
newly-established holding company to build a nationwide provider of
customized and final mile logistics services. On a combined basis, the
companies operate from 45 locations in 15 states.
The new platform will be led by Monte O'Hara, founder of Capital
Express, as Chief Executive Officer, Thomas Jowers, co-owner of ADL
Delivery, as Chief Operating Officer, and industry veterans John Benko
and Randy Edmonds as President and Chief Commercial Officer,
respectively. The new holding company has partnered with Red Dog Equity
LLC, an Atlanta-based private equity firm, to provide the company with
Capital Express, founded in 1987 has been led by its founder Monte
O'Hara, who grew the business into the Midwest's premier final mile
logistics provider. O'Hara said, "We are thrilled with the prospects of
combining the Capital Express and ADL Delivery networks and customer
bases and view this as the first of many key growth initiatives in
developing a leading final mile logistics provider."
Thomas Jowers, Chief Operating Officer of ADL Delivery, added, "This is
a key inflection point for the industry, and we believe there are
significant opportunities to leverage best practices, infrastructure,
and expertise between ADL and Capital Express, to not only continue to
grow within our existing territories, but also expand into new markets.
With Monte [O'Hara], John [Benko], Randy [Edmonds], and the Red Dog
team, the depths of knowledge and resources this team brings to the
table is second to none."
Benko, the new platform's President, stated, "We intend to be the
partner of choice for final mile logistics entrepreneurs seeking growth
capital or an opportunity to transition their businesses." He added, "We
have a shared vision to build an industry-transforming final mile
logistics platform that creates opportunities for our employees,
customers, and contract drivers."
"These two great companies have combined territories covering the
Midwest and Southeast and are led by two of the most respected and
successful entrepreneurs in the industry [O'Hara and Jowers]," said
Randy Edmonds, the platform's new Chief Commercial Officer.
Red Dog Equity LLC, an Atlanta-based private equity firm, which, through
its partnership with Monroe Capital LLC and Tom Pritzker's family
business interests (advised by The Pritzker Organization), has equity
capital available to fund the platform's future acquisitions. Red Dog's
co-founder, Tom Connolly, was previously senior vice president of
acquisitions at XPO Logistics, Inc. and has extensive experience in the
transportation and logistics sectors. Monroe Capital also provided debt
financing and an acquisition facility to the combined company. G2
Capital Advisors advised Capital Express.