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WhiteHawk Capital Partners Provides $111MM First Lien Credit Facility to West Side Transport

Date: Sep 25, 2024 @ 08:00 AM
Filed Under: Transportation

WhiteHawk Capital Partners, a private credit investment manager focused on asset-based financing solutions, has entered into an agreement with West Side Transport, Inc. to provide a $111 million senior secured first lien credit facility. Proceeds from the Facility were used to support EVO Transportation & Energy’s ("EVO") acquisition of West Side and provide additional working capital.

Founded in 1968, and headquartered in Cedar Rapids, Iowa, West Side is a transportation, logistics and warehousing company that specializes in short-haul van truckloads. The acquisition by EVO, a truckload carrier based in Phoenix, AZ, is expected to enhance the operational efficiencies and market positioning of the combined entity. Antara Capital LP ("Antara"), a long-term equity investor in EVO, has supported the acquisition financing of West Side by providing an equity contribution in conjunction with proceeds of the Facility. Antara is a minority-owned event-driven private investment firm based in New York, NY.

"We are excited about partnering with EVO and believe that our complementary strengths will help both companies grow and prosper," said Ron Joseph, President of West Side Transport.

"EVO is thrilled to partner with WhiteHawk on this transaction. Thanks to the support of Brad and his team, we are proud to add the West Side brand to the EVO family. We are excited about the future of our combined company and look forward to working with the WhiteHawk team as we look to accelerate growth and take advantage of market opportunities," said Michael Bayles, Chief Executive Officer of EVO Transportation.

"We are thrilled to begin our partnership with West Side. We believe the blend of their well-established customer base in the Midwest, a sizable fleet of tractors and trailers, and a highly skilled team positions them for continued growth," said Brad Huge, Managing Director at WhiteHawk.

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