Pegasus Transtech

About The Company

Pegasus TransTech is the leading provider of tech-enabled revenue cycle, document management and invoicing solutions to the transportation industry.

Situation Overview

In October 2013, Carousel Capital exclusively negotiated a majority recapitalization of Pegasus TransTech with its family office owner, which retained a minority stake in the transaction. Carousel’s investment created an opportunity for senior management to invest and own a significant stake in the success of Pegasus.

Value Creation Initiatives

  • Established a holistic approach of building the core value of the business to facilitate strategic decision making
  • Significantly extended strategic channel agreements with industry partners
  • Directly sourced and negotiated the purchase of TripPak Services, an orphaned division of Xerox Corporation in May 2014
  • Continue to add blue-chip customers and deepen existing customer relationships
  • Introduced enhanced digital solutions including mobile applications and automated indexing capabilities to further entrench strategic value proposition
  • Strengthened IT infrastructure for greater scalability and mission critical reliability
  • Penetration of small and medium-sized carriers, 3PLs and shippers
Location: Tampa, Florida
Year of Investment: 2013
Status: Active Investment
CEO: Frank Adelman
Fund: IV