Arnold & Porter Advises The Halifax Group on Sale of Golden State Overnight to European-based General Logistics Systems
Washington, DC, October 5, 2016 -- Arnold & Porter LLP advised long-standing client The Halifax Group on all aspects of the recently announced sale of its portfolio company, Golden State Overnight Delivery Service, Inc., an overnight delivery firm serving four Western States, to General Logistics Systems, a European parcel services business owned by Royal Mail plc. The transaction reflects an enterprise valuation of $90 million.
The deal is the latest for The Halifax Group, an active middle-market private equity firm that regularly partners with managers and entrepreneurs to recapitalize and grow leading lower middle-market businesses. Among other things, Arnold & Porter had also advised Halifax when it recapitalized GSO in partnership with its founders and senior management team in December 2013. In the latest representation, the firm's legal team was led by partners Kevin Lavin and Ed Deibert and included associates Diem-Mi Lu, Greg Hughes, Joel Deuth and Vanessa Tabler.