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July 10, 2023 12:00 AM | Covington Associates
July 10, 2023 (Boston, MA) – Covington Associates, a leading middle market investment bank announced its role as exclusive financial advisor to Lily Transportation Corp., a Needham, Massachusetts-based dedicated contract carriage company, in the sale of its business to ZS Fund L.P, a private equity firm and majority owner of Transervice Logistics, Inc.
A copy of the press release can be found below.
ABOUT COVINGTON ASSOCIATES
Covington Associates is an investment banking firm offering advisory services in the areas of mergers and acquisitions (“M&A”), capital raising and strategic advisory to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Founded in 1991 and based in Boston, the vision for Covington has been to provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization. Since its inception, Covington Associates has completed over 350 transactions globally for both private and publicly traded companies totaling over $30 billion. Further information can be found at https://www.covllc.com/our-firm-covington-associates.
Lily recapitalized by ZS Fund
Broker Dealer Services
Provided Through Covington Associates, LLC. Member FINRA/SIPC.
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