Dedicated Carriers Joins Forces with Ready-2-Xecute for Growth
Strengthened Logistics Capabilities with Strategic Acquisition
In an exciting development within the logistics sector, Ridgefield Partners has celebrated the successful acquisition of its client, Dedicated Carriers, Inc. (DCI), by R2X, LLC, also known as Ready-2-Xecute. Headquartered in Indianapolis, Ready-2-Xecute is an expedited third-party logistics company with a growing reputation in providing exceptional logistics services.
Dedicated Carriers: A Legacy of Excellence
Founded in 1994, Dedicated Carriers has established itself as a reputable player in the transportation industry, specializing in a wide array of over-the-road (OTR) equipment. This includes capabilities across Flatbed, Step Deck, Drop Deck, and Specialized Oversized/Overweight shipments, along with Dry Van, Air Ride, Refrigerated, Less Than Truckload (LTL), High Value, and Exclusive Use Equipment. The firm has long been recognized for its commitment to customer service and operational excellence.
A Visionary Founder
Danny Mills, the founder and CEO of Dedicated Carriers, expressed his enthusiasm regarding the acquisition, stating, "We launched Dedicated in 1994 with a simple goal of providing great services for our customers." His leadership and the dedication of his team have allowed the company to thrive in a highly competitive marketplace.
Rapid Growth of Ready-2-Xecute
On the other hand, Ready-2-Xecute has seen remarkable growth since its inception in 2020 under the leadership of Joel Hale. The company's focus on creating a customer-oriented experience has positioned it among the top third-party logistics providers in Indianapolis.
Emphasizing Customer-Centric Growth
Hale’s commitment to a mission-driven, customer-focused culture is perfectly aligned with the core values of Dedicated Carriers. He expressed excitement over the acquisition, saying, "We couldn't be happier to welcome Dedicated Carriers' employees into the Ready-2-Xecute family." Hale also shared plans for expanding the operations located in Tampa, Florida, which aligns with the overall growth strategy of the newly formed entity.
Successful Advisory by Ridgefield Partners
Ridgefield Partners acted as the exclusive sell-side advisor for Dedicated Carriers, handling the detailed and strategic process of connecting the two firms. Eric Meek, Managing Director of Ridgefield, highlighted the cultural alignment between the two organizations as a critical success factor in this acquisition. He stated, "The alignment between the two teams' cultures and values allowed the transaction to move forward to a timely closing." This sentiment underscores the importance of shared values in successful business mergers.
Expert Guidance Throughout the Process
Ridgefield's advisory team, led by Eric Meek and supported by partners Todd Harman and Michael Seeley, showcased their extensive experience in navigating mergers and acquisitions in this middle-market sector, ensuring that both firms could embark on their new venture effectively.
A Bright Future Ahead
The merger of Dedicated Carriers with Ready-2-Xecute is set to enhance service capabilities and create new opportunities in the logistics space. As both teams work collaboratively, they aim to leverage their combined strengths to provide enhanced solutions for their clients. The future looks promising for both organizations as they share a vision for customer satisfaction and operational excellence.
About Ridgefield Partners
Ridgefield Partners stands out as a specialized mergers and acquisitions firm dedicated to serving middle-market companies across North America. With a proven track record in M&A, private equity, and investment banking, the firm combines deep industry knowledge with experience as business principals. Their presence extends through various locations, including Denver, Seattle, Portland, Los Angeles, Memphis, Houston, and Indianapolis.
Frequently Asked Questions
What is the significance of this acquisition?
The acquisition enhances the service capabilities and market presence of both Dedicated Carriers and Ready-2-Xecute.
When did Dedicated Carriers start its operations?
Dedicated Carriers was founded in 1994, focusing on exceptional logistics service as its primary mission.
Who are the key people involved in this acquisition?
Danny Mills, founder of Dedicated Carriers, and Joel Hale, founder of Ready-2-Xecute, are the key individuals leading their respective companies.
What does Ridgefield Partners provide?
Ridgefield Partners offers expert advisory services in mergers and acquisitions, particularly for middle-market companies.
How does the combined company plan to grow?
The combined company aims to leverage shared strengths to enhance service offerings and foster customer satisfaction.
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