Navigation Capital Partners, an Atlanta-based private equity firm that invests in lower middle-market niche manufacturing and services businesses, announced today, May 12, the acquisition of James Brown Contracting and its subsidiaries Brown Trucking Co. and JBT Brokerage Inc. Navigation and VVS Capital, another Atlanta-based private equity firm, formed James Brown Holdings LP as part of the transaction, terms of which were not disclosed.
Founded in 1976 and based in Lithonia, Ga., Brown is a dedicated freight carrier with strategically placed terminals located in the Southeast and Midsouth. With 500 trucks and more than 3,000 trailers, Brown provides freight transportation to the paper and packaging industry. Brian Kinsey will become Brown’s chief executive officer, and founder James W. Brown will continue in an executive role with the company.
“Along with the industry-leading performance of our employees and drivers, the resources Navigation provides will serve as a key element of our plan to grow the company while preserving its successful structure,” Brown says. “We’re excited to welcome Brian to this experienced management team and look forward to the continued growth and success of the Brown brand.”
Kinsey has experience in several other leading companies, including Landstar System, CarrierPoint, Bennett Motor Express, Dobbs Houses and North American Van Lines. “Brown exemplifies Navigation’s strategy to create productive partnerships where our resources can accelerate and support solid growth,” says David Panton, partner at Navigation Capital Partners. “As the newest core company in our portfolio, we anticipate continued success for Brown as we work with the knowledgeable management team and Brian to help the company reach its full potential.”