Firm News

LN Advises Tepper Holdings in Acquisition of Control of Consolidated Fastfrate.

On March 15, 2013, Tepper Holdings Inc. ("Tepper Holdings"), an investment company controlled by Ron Tepper, acquired the majority interest in Fastfrate Holdings Inc. ("Fastfrate"), which wholly controls Consolidated Fastfrate Inc., Canada Drayage Inc. and all related trucking and logistics operations, from New York private equity fund, Fenway Partners. Fastfrate is one of the largest privately held providers of transportation and logistics services in Canada. Fenway Partners will remain a substantial minority investor in Fastfrate and invest additional capital in the business, alongside a significant reinvestment from Tepper. The transaction also involved amending and restating the Fastfrate's senior credit facility held by a syndicate led by GE Canada Finance Holding Company ("GE Canada"). Financial terms of the transaction were not disclosed.

Tepper Holdings and Fastfrate were represented by Loopstra Nixon LLP with a team led by J.A. (Sandy) Nixon, Allan Ritchie, Bobbi-Ann Wallace and Jason Cicchetti . Fenway was represented by Ropes & Gray LLP with a team which included Carl Marcellino (New York), Daniel K. Rolde (Boston), Amy Olson (San Francisco) and Jaclyn Ruch (New York). GE Canada was represented by McCarthy Tétrault LLP (Toronto) with a team led by Richard T. Higa, Justin Lapedus, and Mariette Haloua.