Save PDF / Print - TRP Capital Partners
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Save PDF / Print - TRP Capital Partners
Home About Criteria Philosophy TRP Capital Partners Strategic Capital for the Transportation Industry Portfolio Team Contact Home About Criteria Philosophy The Transportation Market © 2015 TRP Capital Partners, All Rights Reserved Portfolio Team Contact Home About Criteria Philosophy Portfolio Team Contact Overview Transportation Resource Partners (“TRP”) seeks to make investments in growth oriented businesses in the transportation sector. The Firm capitalizes on strategic relationships, commercial synergies, and the transportation expertise of all of its partners, including Penske Corporation and its subsidiaries, partners, and affiliates. TRP's philosophy is to support existing management teams while giving them autonomy to run the business. TRP's principals have 75+ years of experience in the areas of finance and transportation-related investing. Former portfolio companies include Penske Automotive Group and Universal Technical Institute, which are publicly-traded under the symbols NYSE: PAG and NYSE: UTI. TRP Portfolio Company National Powersports Auctions remarkets motorcycles and powersports equipment © 2015 TRP Capital Partners, All Rights Reserved Home About Criteria Philosophy Portfolio Team Contact Investment Criteria While the majority of our investments have been transportation oriented and focused on their potential leverage opportunities associated with our strategic partners, we are, in fact, open to any investment that meets the criteria listed here. We are a middle market investor interested in strong management teams that can take solid companies to the next level. TRP considers the following investment criteria: TRP Portfolio Company United Road Services transports vehicles in North America • • • • • • • • • Strength of existing management team Past operating performance Growth prospects for the business Ability to leverage TRP's relationships and capabilities Purchase prices generally ranging from $25 million to $250 million Strong customer service component to product or service Preference for control but will consider minority stake positions Ability to support debt through operating cash flow Adequate liquidity options Areas of particular interest include but are not limited to: • • • • • TRP Portfolio Company Versant Supply Chain supplies valueadded warehouse services and transportation logistics. Dealerships / Services Education & Training Outsourced Services Niche Manufacturing / Environmental Distribution / Logistics / Supply Chain © 2015 TRP Capital Partners, All Rights Reserved Home About Criteria Philosophy Investment Philosophy At TRP, we know that the effort we put into analyzing investment opportunities both prior to and after an acquisition results in a better partnership with our portfolio’s management teams and stronger returns for all TRP stakeholders. TRP's investment philosophy is built around a productive relationship with company management. Throughout the life of an investment, the TRP Principals work to build a solid partnership with management resulting in exceptional investment returns. TRP does not get involved in the day-today execution of the Business Plan. Instead, it provides companies with a variety of contacts in both the strategic and financial arenas, as well as industry knowledge gained from over 100 years of business expertise. TRP will work with management to help set operational and strategic goals through a presence on the company's Board of Directors or specific project teams. TRP offers the opportunity for significant equity ownership to our management partners. When the appropriate time to exit arrives, TRP will work with management to pursue a variety of options including a public offering, private sale or a recapitalization. © 2015 TRP Capital Partners, All Rights Reserved TRP Portfolio Company 4Refuel provides mobile fueling services Portfolio Team Contact Home About Criteria Current Portfolio © 2015 TRP Capital Partners, All Rights Reserved Philosophy Portfolio Team Contact Home About Criteria Philosophy Portfolio Team Current Portfolio 4Refuel Canada LP 4refuel.com United Road Services, Inc. unitedroad.com Tire Group International tiregroup.com Value Proposition — Onsite fueling saves time and expense TRP Investment — September, 2013 Value Proposition — Leading edge technology for vehicle transport logistics TRP Investment — December, 2012 Value Proposition — Superior customer focus and international supply logistics TRP Investment — October, 2011 Founded in 1995, 4Refuel pioneered the Mobile On-site Refueling (MOR) industry in Canada and has built an unmatched market presence servicing over 900 cities across Canada, delivering over 3.5 million unique fueling transactions annually. United Road Services manages the transport of nearly 2 million cars for clients including global vehicle manufacturers, remarketers, financial institutions, car auctions, car dealers, retail single units and personally owned vehicles. Tire Group International, LLC specializes in the trade of tires and tubes in over 70 countries. It is headquartered in Miami, Florida with associate offices in Venezuela, Peru, Ecuador, Brazil, Dominican Republic, Mexico, and 2 offices in China. The Company is the largest, most trusted and sophisticated onsite fuel provider in North America, serving over 6,000 clients annually. 4Refuel provides service to a range of large and small clients, ranging in size from one piece of equipment to thousands. The Company’s leading and proprietary OVISS (Online Vehicle Information Shipping Solution) auto transport management logistics information system gives its clients real time GPS order visibility, event reporting and car delivery confirmation. TGI, carries over 40 different brands of tires, covering the entire spectrum of the tire industry, as well as several brands of tubes and various lines of automotive wheels and repair products. Besides TGI’s large inventory, it also has access to literally millions of tires worldwide, ready for direct shipment to any destination. National Powersport Auctions npauctions.com Value Proposition — Industry knowledge and leading technology for seamless transactions TRP Investment — March, 2012 Endurance Vehicle Systems endurancewarranty.com Value Proposition — Direct administrator of warranty and vehicle service plans TRP Investment — June, 2015 Versant Supply Chain versantsc.com Value Proposition — Experts in optimizing supply chain performance TRP Investment — February, 2006 National Powersport Auctions is the number one provider of auction and remarketing services in the powersports industry. Created over 20 years ago by founders from the industry, NPA serves lenders and dealers throughout the nation with a complete range of auction-related services. Endurance provides quality extended vehicle protection at prices working people can afford. With the average car on American roads now at 11.5 years, the demand for extended warranties and vehicle service package is steadily growing. Founded in 1999, Versant has grown to offer a comprehensive list of distribution logistics services including warehouse management, staffing, multi-modal freight forwarding, valueadded services and customized engineered solutions for its global customers. NPA's proven marketplace and liquidation services are ideal for many other types of powersports-related businesses including insurance companies, OEM's, and any other organization with a need to liquidate powersports inventory quickly and efficiently with the best possible return. © 2015 TRP Capital Partners, All Rights Reserved Unlike many protection plan resellers, Endurance is the direct administrator and obligor of most of the plans it offers. That allows the company to offer superior customer focus and direct contact with parts and service providers. The Company offers flexible warehouse space and staffing options in Memphis, TN, Joliet, IL and Southaven, MS. It also has staffing offices in Memphis, TN, West Memphis, AR, Jolit, IL, Plainfield, IN and Southaven, MS. Contact Home About Criteria Philosophy Portfolio Team Contact Selected Prior Transactions Freightliner Truck Dealerships Automobile Dealerships HD Fuel Processors LED Lighting HD Telematics Automotive Retail Training © 2015 TRP Capital Partners, All Rights Reserved Technical Training Solar Window Films Fleet Management Recreational Boating Driver Training Home Delivery Logistics Precision Machining Home About Our Team © 2015 TRP Capital Partners, All Rights Reserved Criteria Philosophy Portfolio Team Contact Home About Criteria Philosophy Portfolio Team Contact Contact Information Michigan Office 2555 Telegraph Road Bloomfield Hills, Michigan 48302 Phone: (248) 648-2101 Fax: (248) 648-2105 New York Office 1177 Avenue of the Americas 38th Floor New York, NY 10036-2714 Phone: (908) 363-6000 © 2015 TRP Capital Partners, All Rights Reserved James Hislop Managing Director [email protected] David Mitchell Managing Director [email protected] Steven Carrel Managing Director [email protected] Michael DiRienzo Managing Director [email protected] Michael Vellucci Vice President [email protected] Karen Hansen CFO / CCO [email protected]