Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Memphis City Cartage, Inc., (MCCI) headquartered in Memphis, Tennessee, by Chaser, LLC, (Chaser) headquartered in Anderson, Indiana. The acquisition closed on November 2, 2015.
Established in 2002, MCCI is a privately-owned and operated regional transportation services firm. It is a forhire carrier that owns and operates its own tractors and trailers and employs its own drivers. To learn more, visit www.memphiscitycartage.com. Managing Director Don Sawyer, Vice President Rebecca Gruman and Senior M&A Advisor Sam Sumner led the Generational Equity deal team that advised MCCI on the transaction. Sam Sumner said, "Chaser is building a broad range full-service transportation enterprise through acquisitions, and MCCI provides Chaser with a significant component to that process." Chaser is a transportation and logistics company, engaged primarily in hauling truckload shipments of general commodities in both interstate and intrastate commerce. Learn more by visiting www.chaserllc.com.
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