Tier One Relocation and Southfield Capital Announce the Acquisition of Arpin Van
Lines’ Military Division
August 15, 2016
Tier One Relocation, a portfolio company of Southfield Capital, is pleased to announce
the acquisition of Arpin Van Lines’ military division (“Arpin Military” or “the
Company”), a leading relocation manager that specializes in household goods moves
for military personnel. Arpin Military’s senior management will continue in their
current operating roles.
Headquartered in Warwick, RI, Arpin Military is a prominent supplier to the Department
of Defense, managing approximately 14,000 military personnel relocations annually.
The Company provides a range of mission-critical services including order procurement,
relocation management, customer service and back-office administration. The Company’s
core value proposition is providing high quality service to enlisted military personnel
at a reasonable cost to the government.
The combined entity will be a leader in the industry. Tier One CEO, Brian Gallagher
stated “We couldn’t be more excited with this combination. Arpin Military is a time-honored
leader in this space with a reputation for high quality service to military personnel.
Through the transaction we will also gain access to the superb agents and drivers
of Arpin Van Lines. We are thrilled that Matt Dolan, currently Chief Operating Officer
of Arpin Van Lines, has accepted the role as Chief Operating Officer of Tier One.
Matt is one of the most experienced and uniquely qualified professionals in the
military relocation industry having spent 24 years in the U.S. Navy and retiring
Arpin Group CEO David Arpin said “We are excited to be aligning Arpin Group and
Arpin Van Lines with Tier One to support our family of agents and drivers. Tier
One has committed to a long-term hauling agreement with Arpin Van Lines, which will
insure quality moving services for the Soldiers, Sailors, Airmen and Marines we
service and a strong and consistent flow of opportunities for our agents and drivers.
One of Arpin’s goals of partnering with Tier One is to help smooth out the peaks
and valleys for Arpin’s agents and drivers due to the seasonality of the moving
business. With the leadership team of Brian Gallagher and Matt Dolan I am sure there
is no better management team for military household goods.”
The PrivateBank acted as the sole lead arranger and administrative agent on the
funding of senior credit facilities. Finn Dixon & Herling acted as legal advisor
to Tier One Relocation.
About Tier One Relocation
Headquartered in Weirton, WV, Tier One
Relocation is a Department of Defense relocation manager. The Company coordinates
military personnel household relocations throughout the continental U.S. Tier One’s
customers are transportation service providers including moving, line haul, freight
forwarding, packaging and storage providers. Tier One’s outsourced services include
order procurement, relocation management, customer service and back-office administration.
About Southfield Capital
Southfield Capital is a private equity firm that invests in exceptional, growing
companies in the lower middle market. The firm makes control investments in North
American companies generating $4 - 12 million in EBITDA with proven business models,
attractive growth and profitability trends, and strong leadership. For more information,
please visit www.southfieldcapital.com