Atlanta (December 1, 2011) Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, closed on a $3.65 million mezzanine and equity investment in DTL Transportation, Inc. (“DTL”) as part of a $7.3 million total junior capital financing package. Nancy Creek provided $2.65 million of subordinated debt with warrants and $1.0 million of preferred equity.
DTL, headquartered in Sanford, FL, provides time-sensitive and temperature-sensitive trucking services. The company owns 60 tractors and 79 trailers and transports frozen seafood, foliage and flowers out of Florida to the East coast and into the Midwest. The company was acquired by a thirty-year industry veteran who has experience as head of transportation and logistics at two Fortune 1000 companies.
DTL, headquartered in Sanford, FL, provides time-sensitive and temperature-sensitive trucking services. The company owns 60 tractors and 79 trailers and transports frozen seafood, foliage and flowers out of Florida to the East coast and into the Midwest. The company was acquired by a thirty-year industry veteran who has experience as head of transportation and logistics at two Fortune 1000 companies.
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