Transaction Creates Trucking Industry Market Leader in Data Processing & Management
DALLAS â€” Blackhill Partners, an investment bank and corporate advisor specializing in complex situations, represented Xerox Corporation in its sale of TripPak to Pegasus TransTech.
TripPak is a major provider of document management, invoicing and other products and services for the transportation industry under the brand names TripPak SERVICES â„˘ and ACS Advertising. Pegasus TransTech delivers business solutions that streamline document capture and transmission, billing, collections, payroll and other revenue-cycle processes for the transportation and logistics industries.
The combined company will now provide revenue-cycle and data management solutions for over 3,000 truck fleets and third-party logistics customers.
"The market dynamics are very competitive right now, and theyâ€™re creating an attractive environment for divesting assets that donâ€™t fit an organizationâ€™s strategic objectives,â€ť said Jeff Jones, Managing Director of Blackhill Partners. â€śOur corporate clients continue to realize full valuations by divesting business units that donâ€™t align with their long-term goals."
Along with Jones, the Blackhill team included Lance Gurley, Vice President; and Joel Brown, Associate.
About Blackhill Partners
Headquartered in Dallas, Texas, Blackhill Partners, LLC is an investment bank and corporate advisor specializing in complex situations. Blackhillâ€™s professionals have advised on over $40 billion of mergers, acquisitions, financings and restructurings across a broad range of industries, with particular depth in energy and industrial businesses. www.bhpllc.com
Since the invention of Xerography more than 75 years ago, the people of Xerox (NYSE: XRX) have helped businesses simplify the way work gets done. Today, Xerox is the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. Learn more at www.xerox.com.