Tonka Bay exits investment in Roadlink USA
Minnetonka, Minn (October 3rd, 2006)
Tonka Bay Equity Partners LLC announces the exit of its investment in RoadLink USA, Inc. in connection with the sale of RoadLink to Fenway Partners.
RoadLink is the largest independent intermodal trucking service provider in North America (roadlinkusa.com). In October, 2000, Tonka Bay, through an affiliate, participated in the acquisition of seven regional intermodal trucking companies to form the first nationwide intermodal platform. RoadLink has grown to a network of 50 service locations from coast-to-coast and a combined capacity of 1,500 trucks.
Tonka Bay exited its investment in RoadLink when Fenway Partners acquired the company in September, 2006. Fenway Partners is a private equity firm with offices in New York and Los Angeles.
Peter Kooman, Managing Principal of Tonka Bay, said “We are pleased with the results of our investment in RoadLink. The management team has produced outstanding results to achieve an excellent return on investment for Tonka Bay."
About Tonka Bay Equity Partners
Based in Minnetonka, MN, Tonka Bay Equity Partners is a private equity firm that acquires and invests in lower middle market businesses in the highly-engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2035 or visit www.tonkabayequity.com.