Cox Transportation Services has secured a majority recapitalization led by Expedition Capital Partners, Tecum Capital, and Ironwood Capital to support its strategic growth initiatives.

Target Information

Cox Transportation Services ("Cox" or the "Company"), headquartered in Ashland, VA, is a premier provider of truckload freight services established in 1982. The Company specializes in the transport of time-sensitive full truckload freight, catering to a diverse array of industries throughout the United States. In addition to its freight hauling capabilities, Cox operates a brokerage division that offers logistics optimization services to both carriers and freight customers. This dual focus allows Cox to leverage its extensive network and experience to meet the growing demands of its client base.

The Company is committed to its strategic growth plans, which primarily focus on the acquisition of complementary businesses and routes, as well as increasing assets to better serve both current and prospective customers. The leadership of Cox, led by CEO Jay Smith, envisions harnessing numerous organic growth opportunities, ensuring the Company remains at the forefront of the trucking industry.

Industry Overview

The trucking industry in the United States is characterized by its size and fragmentation, making it a critical component of the country’s economy. Transportation services are vital for the distribution of goods across various sectors, and truckload freight services have gained significa