A team of Goodwin Procter attorneys recently advised client Charlesbank Capital Partners LLC and select co-investors on a leveraged buyout of United Road Services (“United Road”), a leading auto transport company in North America, from the Gores Group. Terms of the transaction were not disclosed.
Headquartered in Romulus, Mich., United Road delivers two million cars annually across the United States and Canada. United Road’s customers include BMW, Ford, Jaguar, GM, Hertz, Toyota, Porsche and Subaru and the company provides door-to-door services for dealers, auctioneers and individuals. Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital.
“Getting to know the exceptional team at United Road and assisting Charlesbank in this strategic acquisition was extremely gratifying, and we look forward to helping Charlesbank achieve their long-term investment goals,” said Jon Herzog, a partner in Goodwin’s Private Equity Group.
For more information on the transaction, see Charlesbank’s press release.