GeoLogic Solutions | White Hen Pantry | MicroStar Logistics
GeoLogic Solutions, Inc.
In January 2008, GeoLogic Solutions, Inc. (“GeoLogic” or the “Company”) was acquired by XATA Corporation (“XATA”). GeoLogic is a leading provider of onboard fleet management solutions to the over-the-road trucking market in the United States. Through the application of its cellular and satellite network technologies, GeoLogic’s wireless management products enable its customers to increase overall asset efficiency while reducing operational costs. The Company’s products are installed on more than 35,000 trucks across North America.
XATA engages in the development, marketing, servicing and sale of onboard fleet management systems to the private fleet trucking industry in the United States and Canada. Following the closing of the transaction, XATA will have approximately 57,000 subscribers utilizing its technologies.
Platinum Equity, LLC (“Platinum”) is a private equity firm specializing in investments in acquisitions, public-to-private transactions and corporate divestitures. The firm acquires non-core assets from strategic sellers and concentrates on mission-critical services and solutions providers. Platinum focuses on the acquisition of businesses that provide services and support to the infrastructure and systems of other businesses.
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White Hen Pantry, Inc.
In August 2006, 7-Eleven, Inc. acquired White Hen Pantry, Inc., a portfolio company of Angelo, Gordon & Co. White Hen, based in Lombard, Illinois, is the franchisor of one of the premier convenience-oriented fresh food and beverage retail chains in the United States. Through its 206 stores in the Chicago area and 55 sub-licensed stores in New England, White Hen generates systemwide sales of approximately $290 million.
Angelo, Gordon & Co. is a New York-based investment firm. The company was founded in 1988 and currently manages approximately $10 billion in assets.
7 Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 30,000 stores in 18 countries and U.S. territories. During 2005, 7-Eleven stores worldwide generated total sales of approximately $43 billion.
"The Morgan Keegan team worked hard to understand our business and then match the process with the market. I especially appreciate their team approach in completing every phase of the process, everyone involved was high caliber and completely engaged in our situation. We completed a successful sale of our company and Morgan Keegan was instrumental in bringing the right parties into the process and assuring that the end result met our shareholder's expectations." — Brandon Barnholt, Former Chairman and CEO of White Hen Pantry, Inc.
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MicroStar Logistics, Inc.
In February 2008, MicroStar Logistics, Inc. and its affiliate Global Asset Management, Inc. (“MicroStar”, subsidiaries of TrenStar, Inc.) was acquired by Macquarie Group Limited. MicroStar is a rapidly growing, leading provider of outsourced mobile asset management solutions that has revolutionized the craft beer industry by creating and managing the largest third-party pool of beer kegs in the United States. The Company currently has a fleet of approximately 500,000 kegs that it manages and leases through long-term contracts to over 120 of the nation’s estimated 400 craft brewers. It has also expanded into intermediate bulk containers (“IBCs”) used for transporting synthetic rubber or food ingredients.
TrenStar, Inc. provides asset management solutions to various industries. Its solutions include software and services to track and manage assets, auto ID-enabled tracking technology and strategic logistics services and information-based business process improvement services. The company offers TrenStarAM, a Web-based software that provides asset visibility in the supply chain, as well as identifies, controls and manages assets.
Macquarie Group Limited is a pre-eminent provider of financial services with a leading market position in Australia and a strong presence in select markets around the world.
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