Bridgepoint Advises Temco Logistics on its Sale to The Home Depot (NYSE: HD)
June 26, 2023 – Bridgepoint Investment Banking (“Bridgepoint”) acted as the exclusive financial advisor to Temco Logistics (“Temco”) on its sale to The Home Depot (“Home Depot”).
Temco Logistics is the premiere white-glove delivery and installation solution provider for big and bulky goods. As one of the largest final mile providers, and the only dedicated employee model, Temco has been providing world class service for America’s largest retailers since 1968. The Home Depot is the world’s largest home improvement retailer, with approximately 500,000 associates in more than 2,300 U.S., Canadian, and Mexican stores. Together, Temco and The Home Depot will provide Home Depot customers with the industry’s best residential or commercial delivery services.
“We are extremely excited for Lance, Nick, and the entire Temco team. As a firm that passionately serves family and founder-owned transportation businesses, it is a privilege to help the Templeton family transition ownership to The Home Depot. We know the management team, employees, and the communities Temco serves will be cared for, and ‘Temco Pride’ will live on,” commented Bridgepoint Managing Director and Transportation sector head Mike Letsch.
About Bridgepoint Investment Banking
Bridgepoint Investment Banking, a division of Bridgepoint Holdings NE, LLC, is a market-leading boutique investment bank. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, Inc., an unaffiliated entity, serves clients over their corporate lifecycles by providing capital raising and M&A advisory solutions. Bridgepoint serves clients globally across a range of focus sectors including transportation. Learn more about Bridgepoint Investment Banking at bridgepointib.com.