Transflo
Business Services
Transflo is the leading provider of tech-enabled revenue cycle, document management and invoicing solutions to the transportation industry.
IV
Fund
IV
Fund
Fund IV
Location Tampa, FL
Year of Investment 2013
CEO Frank Adelman
Status Exited 2017 (Partial)
Results
Grew revenue by
over our investment period
Increased EBITDA by
during Carousel's hold period
Extended exclusive strategic channel agreements to
Value Creation Initiatives
What did the business need?
In October 2013, Carousel Capital exclusively negotiated a management recapitalization of Transflo 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 Transflo.
What outcomes did we achieve?
Partial exit through recapitalization with True Wind Capital in November 2017.
How did we create value?
“
Being introduced to Carousel Capital proved to be a great catalyst for our company by not only creating more ownership opportunity for our management team, but also by their support of a more aggressive growth strategy for us to pursue.
Frank Adelman, CEO, Transflo
Note: The above testimonial is provided by a current or former Carousel Capital portfolio company executive and reflects their own personal opinion and is provided to demonstrate the benefits of working with the Carousel Capital team and is not provided to solicit investors or to illustrate investment experience with Carousel Capital. The executive was not paid for their testimonial but receives compensation in other forms such as the making of personal investments in Carousel Capital funds, including certain funds at reduced fee rates. A potential conflict of interest exists because an executive is generally incentivized to make positive statements to maintain goodwill with Carousel Capital.
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January 17, 2018
Carousel Capital Completes Exit of TransfloDecember 04, 2013
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