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Rock-It Cargo
The Company
Rock-It Cargo USA, Inc. and Rock-It Cargo Worldwide Ltd. (collectively the “Company”) are leading live events specialty freight forwarders, serving the logistical needs of a wide variety of industries. The Company specializes in the movement of time sensitive, high value equipment and freight both domestically and internationally. Rock-It supports international tours, trade shows, product launches and events for some of the biggest names in music, film, sports, the arts and event production. Rock-It also has a growing presence in the over-weight and over-dimensional industrial projects and specialty cargo markets, serving the needs of large corporates and governments world wide.
“The KPMG Corporate Finance team was integral in closing this transaction. As an objective advisor they were able to focus on the people and core issues of the transaction. I have the highest regard for KPMG Corporate Finance and would recommend them as a financial advisor, especially for other middle market companies.”
The Situation
The majority shareholder of Rock-It was willing to sell his ownership stake back to the Company. Rock-It's management team and remaining shareholders were interested in financially supporting the transaction if a capital source could be identified to assist with the funding of the buy-out while providing capital for future growth.
The Solution
Through KPMG Corporate Finance’s contacts in the mezzanine market, the Company was able to raise the funds to complete the buyout. KPMG Cororate Finance provided advice throughout the entire process including modelling the financial aspects of the transaction, preparing offering materials, managing investor meetings, drafting and structuring transaction documents, and providing negotiation assistance.
