Corporate Finance Associates Guides Recapitalization of Military Logistics Company – Rockey’s New Partners Form the Foundation for Future Growth
Los Angeles, California (PRWEB) May 16, 2008
Corporate Finance Associates (CFA) a leading middle-market mergers and acquisitions firm, announced that Escondido Ventures, LLC of San Antonio, TX has acquired a majority interest in six companies, known collectively as “The Rockey Companies”. The Rockey Companies, headquartered in Killeen, TX are leading providers of transcontinental logistics services to the United States military.
The Rockey Companies originated in 1983, when John J. Rockey launched his business with a single truck that was leased as a direct contractor to Mayflower Transit Company and provided long-haul moving services. Over the following six years, the fleet was grown to 20 units and the company incorporated in 1988.
Identifying an opportunity to serve the United States military, Rockey established new companies based in Killeen and Temple, TX which provided logistics and warehouse storage services. These companies complemented Rockey’s long-haul capabilities and enabled The Rockey Companies to provide a continuum of logistics services to assist the military in efficiently moving the possessions of their personnel throughout the United States and to provide for the safe storage of their possessions while stationed abroad. Locations were later added in San Antonio and Colorado Springs to serve military bases in and around those cities.
CFA helped Mr. Rockey maximize the value of his six companies by leveraging several decades of in-depth industry specific knowledge and experience. ” I am particularly pleased that we were able to achieve John’s goals through a recap that enabled him to monetize a portion of his business interest for personal asset diversification while retaining an attractive ownership position and active involvement in his company going forward” said Roy Graham, Managing Director of CFA’s San Antonio/Austin Office.
The Rockey Companies retained Corporate Finance Associates to advise in the identification and selection of a qualified investment group that would enable John Rockey to recapitalize his companies while bringing in strong senior owner management to lead the continued growth of the enterprise. Escondido Ventures, LLC was created by a group of San Antonio businessmen led by Rob McClane. McClane will serve as President and COO of the company while John Rockey will remain actively involved in his capacity as CEO.
Transaction Information:
Escondido Ventures, LLC acquired a majority interest in The Rockey Companies in a private transaction for an undisclosed value. Corporate Finance Associates served as exclusive financial advisor to The Rockey Companies.
About Corporate Finance Associates:
Corporate Finance Associates is a major investment banking services firm, with over 30 offices across North America providing middle-market companies with a wide range of financial advisory services and access to capital resources. From project inception to completion a senior principal guides clients through every challenge, advocates on their behalf, and leverages CFA’s experience and extensive resources. More information is available via the Internet at http://www.corporatefinanceassociates.com.
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