PCE Investment Bankers, Inc., a leading financial services firm for mid-market companies, offering clients a full range of investment banking, ESOP, valuation, and advisory services, is pleased to announce that the shareholders of SDR Trucking, LLC have completed the sale of their stock to the SDR Trucking Employee Stock Ownership Plan (ESOP) Trust.
Headquartered in Memphis, Tennessee, SDR Trucking is a leader in the hauling industry specializing in the delivery of time-sensitive, consumer product goods, including: air cargo, alcoholic and non-alcoholic beverages. In 10 years, owner Dan Horvath has built a successful fleet of more than 150 company and owner operator trucks.
PCE guided SDR Trucking through the feasibility study, providing them a roadmap of their options, and then through the ESOP formation process, including raising capital.
Mr. Horvath stated, “after reviewing alternatives for the business, a sale to my employees through an ESOP was the obvious choice for us. I look forward to continuing to lead SDR with my employees as partners and appreciate all the help and leadership the PCE team provided in the ESOP transaction.”
Will Stewart of PCE commented, “the Horvath’s family desire to achieve some personal diversification yet remain the leaders of SDR made the company a great fit for employee-ownership through an ESOP. SDR has a highly productive, loyal employee group and we were fortunate to advise Dan and Shannon on their options to reward them through the sale to an ESOP. We look forward to our continued relationship with the Horvaths and SDR as they continue their leadership in the hauling industry.”
About: SDR Trucking, LLC, headquartered in Memphis, Tennessee began operations in February of 2006. The company is owned by Dan Horvath and operates a fleet of more than 150 company and owner operator trucks. The company is focused on handling time sensitive loads. Primary products transported include: air cargo, alcoholic and non-alcoholic beverages and products for major CPG companies.