The JGS Solutions Transaction Advisory team supported the LTX Solutions CEO to buyout inactive shareholders and transition the business model to a tech-enabled “Less Than Truckload” logistics platform.
The transaction provides Redwood with an attractive opportunity for growth in the Southeastern U.S. market, and Redwood plans to continue to invest in LTX’s current management team to increase its presence in the region. LTX’s innovative LTL freight management services and custom IT solutions complement Redwood’s existing LTL managed service offering. Additionally, LTX stakeholders will benefit from Redwood’s broader suite of services, including multimodal brokerage, complete management transportation capabilities, and cutting-edge technology integration and implementation services. Adam McDaniel, LTX’s founder and current CEO, will remain with the combined organization in a senior leadership role.
Read the full press release here.
