PRNewswire-FirstCall/For Immediate Release
Stuart Hayashi, Managing Director of The Dillard Anderson Group (“DAG”), announced the sale of Premier Transportation Services, LLC (“Premier”) to The Hoffman Family of Companies (“Hoffman”).
Hoffman is a multi-vertical, family-owned company and a multi-generational family business that partners with likeminded management teams with an intense focus on customer and employee experiences that creates and sustains value. Hoffman was founded by David Hoffman and is based in South Florida.
Premier based in Dallas, Texas is a leading transport provider with an extensive fleet of over 60 vehicles that include sedans, vans, limousines, Mercedes Sprinters, mini busses and motor coaches. Premier serves the Dallas-Fort Worth area, while also extending its reach globally through its Premier Drives Global network.
Since 1996, under the leadership of Kelly and Eric Devlin, Premier has set the standard for excellence in Dallas’ ground transportation industry. The company has earned the prestigious ‘National Operator of the Year Award’ from the National Limousine Association on three occasions.
“We are grateful to the team at The Dillard Anderson Group for guiding us through the M&A process. Their hands-on approach and patience is greatly appreciated and was key to us being able to complete our transaction,” said Eric Devlin, President of Premier.
Stuart Hayashi said, “The acquisition of Premier by Hoffman creates a huge opportunity for Premier to continue to grow with the financial and operational backing of Hoffman.”
Terms of the transaction were not disclosed. DAG served as exclusive agent to Premier and its owners, Kelly and Eric Devlin.
The Dillard Anderson Group is an investment banking firm based in Dallas, Texas that specializes in mergers and acquisitions in the transportation/logistics, health care, business services, manufacturing, heavy industrial/construction and oilfield services industries. The firm was formed in 1996, and is a leading M&A firm serving the middle market.
Deal Tombstone:
Price Not Disclosed
Premier Transportation Services, LLC
Premier Transportation Services, LLC located in Dallas, Texas is a leading transport provider with an extensive fleet of over 60 vehicles that include sedans, vans, limousines, Mercedes Sprinters, mini busses and motor coaches. Premier serves the Dallas-Fort Worth area, while also extending its reach globally through its Premier Drives Global network. Premier was formed in 1996 and has grown under the leadership of Kelly and Eric Devlin. Premier has set the standard for excellence in Dallas’ ground transportation industry. The company has earned the prestigious ‘National Operator of the Year Award’ from the National Limousine Association on three occasions.
The firm’s owners were looking to find a partner to continue to grow the business and provide opportunity for their staff to also grow. Kelly and Eric engaged The Dillard Anderson Group to explore options. Through the firm’s process an excellent equity partner was found in The Hoffman Family of Companies (Hoffman).
Premier will continue to operate as a standalone brand and a division of The Hoffman Family of Companies. Kelly and Eric will continue as a part of the executive management team of Premier.