Houlihan Lokey is pleased to announce the sale of Equipment Transport, LLC, a portfolio company of CIVC Partners, LP, to Pilot Travel Centers LLC. The transaction closed on November 1, 2018.

Equipment Transport, founded in 2007, is a Carlisle, Pennsylvania-based provider of critical services supporting the drilling, completions, and production programs of exploration and production companies. The company brings significant value to its customers in the Marcellus and Utica Shales and the Permian Basin through a broad service offering that includes fluid transportation, waste management, and ancillary pad support services. Collectively, Equipment Transport serves its more than 70 customers through six locations with a highly trained workforce of over 500 employees.

CIVC Partners is a Chicago-based private equity firm established in 1970 that provides growth and buyout capital to middle-market companies and executives with a focus on the business services and financial services sectors. The current management team, which has worked together since 1989, has invested over $1.6 billion in 62 platform investments and currently invests from CIVC Partners Fund V. 

Pilot Travel Centers, doing business as Pilot Flying J, the largest operator of travel centers in North America, is committed to connecting people and places with comfort, care, and a smile at every stop. Headquartered in Knoxville, Tennessee, Pilot Flying J has more than 750 retail locations in 44 states, roadside assistance available at over 145 locations nationwide and growing as part of its Truck Care program, 44 Goodyear Commercial Tire and Service Centers, and 34 Boss Shops. The Pilot Flying J network provides drivers with access to more than 72,000 parking spaces for trucks with Prime Parking at more than 400 locations, 5,200 deluxe showers and more than 6,200 diesel lanes with 5,200 offering Diesel Exhaust Fluid (DEF) at the pump. Pilot Flying J is currently ranked No. 14 on Forbes' list of America's Largest Private Companies.

Houlihan Lokey served as the exclusive advisor to Equipment Transport and assisted in the marketing, structuring, and negotiation of the transaction.

If you would like more information about Houlihan Lokey, or have questions regarding our role in this transaction, please contact one of the transaction team members listed.

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Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia‑Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for all U.S. transactions, the No. 1 global restructuring advisor, and the No. 1 global M&A fairness opinion advisor over the past 20 years, according to Thomson Reuters.