Exclusive financial advisor to Professional Automotive Relocation Services
KPMG Corporate Finance LLC acted as exclusive financial advisor to Professional Automotive Relocation Services
KPMG Corporate Finance LLC (“KPMG CF”) is pleased to announce that Professional Automotive Relocation Services (“PARS” or the “Company”) has been acquired by RPM Freight Systems, LLC (“RPM”), a portfolio company of Trive Capital (“Trive”) and Bluejay Capital (“Bluejay”).
Headquartered in Gainesville, VA, PARS is a leading fleet industry relocation provider, bringing a unique combination of proven experience, service quality, and technologies to any relocation project. PARS works with each customer to develop metrics-driven solutions that include vehicle driveaway, auto carrier service, storage management, titling & registration, and a full range of make-ready services.
On working with KPMG, PARS CEO and President Lori Rasmussen expressed, “We cannot say enough about the KPMG team supporting our deal. From the beginning of our engagement, Rob White and his team were exceptionally competent, capable, and compassionate. They carefully listened to understand ownership’s objectives and the minute details of our business, which was certainly aided by their extensive experience in the transportation industry. The KPMG team instilled a sense of confidence in all stakeholders throughout the entire engagement. With the help of KPMG, PARS has found the perfect partner in RPM, Trive, and Bluejay, and we look forward to the great things to come for our combined companies and the customers we serve.”
About RPM
RPM provides the automotive ecosystem with flexible logistics for the transportation of finished vehicles and other specialty freight. To support the exact requirements of their clients, RPM's custom-engineered technology automates, optimizes, and digitizes the shipping process throughout a vehicle's life cycle. RPM’s asset-light model is agile and flexible, bridging transportation modes regardless of scope and complexity to drive an operational advantage for their clients.
Backed by Trive Capital and Bluejay Capital, RPM is one of the premier service aggregators for finished vehicle logistics and value-add interconnected services.
KPMG Corporate Finance
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.
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