Investments
Website
Headquarters
Fontana, CA
Leadership
Bruce Degler, Founder and CEO; Kim Pugmire, President
Date of Investment
September 2011
Status
Exited
Structure
Control, with significant management ownership
Company Profile
Full-service hauler and broker of dirt and aggregates in California and Nevada. Dispatch has operated for almost 60 years and is considered a leader and “brand name” in its markets. Within nine months of Balmoral’s investment, Dispatch expanded into Northern California through the purchase of certain assets of a local company.
Industry
Logistics / Transportation
Transaction Type
Asset purchase from a bank via UCC Article IX purchase
Balmoral Opportunity
Dispatch was an opportunity for Balmoral to invest alongside its founder in one of the most significant dirt and aggregate hauling companies in the region and to reinvigorate itself with a strengthened balance sheet. The new liquidity has allowed Dispatch the opportunity to pursue large projects, acquire a business in an adjacent territory and invest in growth.
Date of Investment
June 2013
Status
Active
Structure
Majority, in Shared-Control Structure
Company Profile
Operator of the world’s first plastic pallet rental service featuring lightweight, 100% recyclable plastic pallets with embedded radio frequency identification (RFID) technology. The company’s plastic pallets and integrated technologies yield significant savings for product manufacturers (of beverages, foods, pharmaceuticals, agriculture, etc.) and their customers who receive such products (e.g. retailers).
Industry
Logistics / Mobile Assets
Transaction Type
Turnaround followed by growth investment in 2019
Balmoral Opportunity
Partnered with experienced and successful operators and a private equity firm (whose foreign affiliate had manufactured 10 million pallets that iGPS has purchased) to acquire the only U.S.-based plastic pallet rental/pooling business. The new management will implement strategies focused on greater logistics efficiency, faster velocity of the assets in use and lower loss/damage rates.
