Gryphon Investors buys majority of Nolan Transportation Group
Gryphon Investors said Dec. 18 that it acquired a majority stake in Nolan Transportation Group. Financial terms weren’t announced. Gryphon portfolio company, Transportation Insight, also invested. Senior management at Nolan Transportation, including founder and chairman Kevin Nolan and CEO Harold Baron, will retain a stake. Nolan Transportation, of Atlanta, is a non-asset freight brokerage. Harris Williams was financial adviser, and Evershed Sutherland LLP was legal adviser to NTG. Sheppard Mullin acted as TI and Gryphon’s legal adviser, while North Inlet served as financial adviser.
18 December 2018•5 mins read
