Leading Financial Advisory Firms Join Forces

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February 21, 2005 – Two well-known, transportation-specialized advisory firms have merged to form Transport Capital Partners, LLC (TCP), a new company providing financial services to the transportation industry. The new company was created when Larsen, Batts, Welborn & Co. – specialists in mergers & acquisitions – and Transport Capital Advisors, LLC, – broad-based transportation services company – joined forces. Transport Capital Partners will focus on extending merger & acquisition services, capital sourcing, and financial advisory services to transportation companies.

The new firm brings together six veteran transportation industry executives who have more than 175 years of combined experience in transportation and financial management. TCP’s partners will consist of the principals of Transport Capital Advisors – Steven Dutro, Richard Mikes, and James Schnoes – and the principals of Larsen, Batts, Welborn & Co. – Gailyn Larsen, Lana Batts, and Miller Welborn.

“The escalating pace of change in the trucking industry will continue to impact the business environment for carriers of all sizes and will manifest itself in increased need for professional financial services,” said Steven Dutro. “Our merger reflects that trend, permitting Transport Capital Partners to deliver owners’ divestiture objectives, to source appropriate layers of capital, and to extend advisory services along a broad spectrum, from the Board Room to the front-line of driver recruiting.

“We view the next three years as very tumultuous for the transportation industry,” said Gailyn Larsen. “Fortunately, TCP’s partners enjoy broad and deep relationships across the industry. Our job is to listen closely to our clients and assist them to execute their corporate, personal and estate planning objectives.”

“Transport Capital Partners followed the same advice we give to many of our clients