Andy Wilkins, Atlantic Street Capital Managing Partner, said, "JTY is a great addition to Fast Sandwich's existing footprint, providing penetration in a growing Jimmy John's market. This transaction represents the first step in Fast Sandwich's overall acquisition strategy, creating a strong footprint in Florida with a store mix and market profile in keeping with the company's core strategy."
Atlantic Street's portfolio company EZE Truck Holdings merged with Farren International, LLC, a global provider of transportation and rigging services, creating a leading national specialty heavy hauling and logistics business. Established in 1959, Farren is based in Randolph, New Jersey and is today a global provider of transportation, rigging and related value-added solutions such as warehousing and kitting. The company focuses on hauling heavy-haul flatbed catering to the aerospace, chemical, cosmetics, food, pharmaceuticals, plastics, power and other general/manufacturing industries. The combined business now has over 900 pieces of equipment.
"The combination of Farren and its strong Eastern operations with EZE's footprint quickly transforms the company into a national network that serves a widely diversified blue-chip customer base. Farren provides meaningful industry and geographical diversification and development of a nationwide specialized heavy haul network and the combination with Farren positions EZE to further grow the business through additional strategic acquisitions and expansion of value added services," said Peter Shabecoff, Founder and Partner of Atlantic Street.
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in lower middle market companies with between $3 million and $12 million in EBITDA. The firm invests in fundamentally sound companies that will benefit from capital investment and value-adding strategic and operational initiatives. Atlantic Street Capital's partners are hands-on investors who work closely with management to unlock their business' underlying value and help them succeed. The firm is currently investing from Atlantic Street Capital Partners, L.P. III. For more information, visit www.atlanticstreetcapital.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
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SOURCE Atlantic Street Capital