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C&C Trucking Has Been Acquired by US Xpress Enterprises, Inc.

Submitted by: John Warner on Aug 22, 2007 at 11:23 am Tagged with: Financial Firms Source:

Deal Summary
The Capital Corporation is pleased to announce that it advised C&C Trucking in their sale to U.S. Xpress, Inc. Dan Adams led The Capital Corporation’s execution of the transaction.

About C&C Trucking
C&C Trucking, a privately held transportation company founded by Charles and Carolyn Tapp, has offered premium quality service to and from the Southeast, Mid-Atlantic, and Northeast for over twenty-nine years. Today, headquartered in Duncan, SC. and through facilities in Pittston, PA, and Halifax, NC, C&C Trucking serves all 48 contiguous states and Ontario, Canada. Services include Truckload Freight, (TL), Expedited Services, Dedicated Trailer Pools, Hostler Services, Dedicated Private Fleet and Eagle Express.

About U.S. Xpress Enterprises, Inc
U.S. Xpress Enterprises, Inc. is the fifth largest publicly owned truckload carrier in the United States, measured by revenue. The Company provides dedicated, regional, and expedited team truckload services throughout North America, with regional capabilities in the West, Midwest, and Southeastern United states. The Company is one of the largest providers of expedited and time-definite services in the truckload industry and is a leader in providing expedited international rail services.

About The Capital Corporation
The Capital Corporation is a full service Investment Banking firm founded in 1991 to provide merger, acquisition and divestiture services; equity and debt financing; corporate valuation; and business advisory services to middle-market companies. The Capital Corporation is headquartered in Greenville, SC with offices throughout the Carolinas.

“The Capital Corporation exceeded our expectations. Their commitment to exceptional advisory service and experience at closing deals resulted in a smooth, mutually beneficial transaction.”

Charles Tapp

Founder and CEO C&C Trucking
“We worked with Charlie Tapp to prepare an exit strategy for C&C Trucking. US Xpress was a perfect match for C&C Trucking. Both the seller and the purchaser were great to work with. Throughout the negotiations, the parties worked well together and we were able to successfully complete a transaction for both parties.”

Dan Adams
CEO The Capital Corporation