Dedicated Services, Inc., (DSI) in Houston, Texas was formed in 1995 by Mr. Steve Savant. The Company provided a turnkey delivery service for automobile dealers. This out-source function grew dramatically, as it provided a cost effective alternative for the (non-core) delivery function of automobile parts which are sold by the dealers. DSI also sold franchises, nation-wide, and collected franchise fees and royalties from the franchise owners.
Mr. Savant and the other owners of DSI were referred to DAG by its attorneys. After DAG was engaged, we performed a search for suitable acquirer candidates. After several interested candidates were identified, the sale of DSI was eventually consummated by Noble International, Inc. (NYSE:NOBL). Noble is a major supplier of out-sourced service in the manufacture of automobiles. In addition, Noble was interested in expanding its new logistics division. DAG delivered the shareholders of DSI a very attractive valuation for a relatively young, but successful company.