Harris Williams Advises Rock-It Cargo on its Sale to ATL Partners
Harris Williams, a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it advised Rock-It Cargo on its sale of a majority stake to ATL Partners. Rock-It Cargo is a leading provider of mission-critical international freight forwarding solutions to the live entertainment and music touring, fine arts, sports, corporate events, industrial power projects and humanitarian relief end markets. The transaction was led by Frank Mountcastle, Jason Bass, Jeff Burkett, James O'Malley and Trey Balson of Harris Williams’ Transportation & Logistics (T&L) Group.
"David Bernstein and his team have built the market leader in live events freight forwarding,” said Frank Mountcastle, a managing director at Harris Williams. “The transaction illustrates the strong interest in niche, specialized, non-asset based third-party logistics companies, driven by the need for dependable, high-quality providers in an increasingly tight freight environment.”
“Rock-It has developed a reputation for superior quality and customer service, and ATL will be a strong partner to help the company continue its track record of significant growth,” said Jeff Burkett, a director at Harris Williams.
Founded in 1978 and based in Los Angeles and New York, Rock-It Cargo offers a full spectrum of service offerings across air, ocean and inland transportation through its portfolio of six market-leading brands. Operating with a global footprint of 32 locations in 12 countries, the company’s 400+ employees execute complex and time-critical projects for more than 3,500 global clients.
Founded in 2014, ATL Partners makes private equity and certain preferred securities or debt investments in the aerospace, transportation and logistics sectors principally in North America. ATL Partners is led by investment professionals who have been investing in ATL Partners’ focus sectors for decades.
Harris Williams (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams’ T&L Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy duty vehicle, truck, rail, marine and air transportation, and transportation equipment. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.