Along with BB&T Capital Markets, Inc. (lead), BellMark Partners, LLC co-advised Golden State Overnight Delivery Service, Inc. (the “Company” or “GSO”), a portfolio company of The Halifax Group, in its sale to General Logistics Systems B.V. (“GLS”), a leading parcel service provider in Europe. GLS is a subsidiary of Royal Mail plc, the parent company of Royal Mail Group Limited, the leading provider of postal and delivery services in the UK.
Golden State Overnight Delivery Services, Inc. is a leading regional logistics company headquartered in Pleasanton, CA. The Company provides overnight delivery services to every address in California and metropolitan regions of Arizona and Nevada. GSO’s reputation is based on the trust earned from its customers and its highly-motivated, non-union workforce. The Company’s business model and exceptional service make it an effective alternative to the national delivery carriers.
BellMark Partners, LLC acted as the Company’s co-advisor along with BB&T Capital Markets in connection with the completion of this transaction. BellMark Partners was selected by the Company due to its industry experience and senior level attention to transaction execution.