Daseke, Inc.’s Acquisition of TSH & Co.

Vinson & Elkins advised Daseke, Inc. on the deal

Based in Nashville, TN and founded in 1977 by Sid Stanley, TSH & Co. is now in its second generation of family leadership. Led by brothers and co-CEOs, Craig and Gregg Stanley and their brother-in-law, Michael Sheehan, chief business development officer, the company conducts business through a 100 percent asset-light operating model with operations throughout the East Coast, Southeast and a strong presence in Mexico.

“We have many owner-operators running under our authority, and that model has allowed us to grow at the right pace,” said Gregg Stanley. “We’re dedicated to the success of our independent contractors, and we offer a very popular tractor and trailer lease-to-own program. We know if they’re successful, it will make us successful.”

According to Craig Stanley, TSH & Co. spent several years developing a relationship with the Daseke management team prior to the decision to join the company.

Daseke, Inc. is the leading consolidator and the largest flatbed and specialized transportation and logistics company in North America. Daseke offers comprehensive, best-in-class services to many of the world’s most respected industrial shippers through experienced people, more than 5,200 tractors, more than 11,000 flatbed and specialized trailers, and a million-plus square feet of industrial warehousing space. Daseke is the largest company, yet has only 1 percent market share, of the highly fragmented $133 billion flatbed and specialized transportation market.

Vinson & Elkins advised Daseke, Inc. with Michael Gibson, Thomas Laughlin, Alan Bogdanow (Picture), Luke Thomas, David Peck a, Allyson Seger, Chris Dawe, Rafa Alvarado, Daniela Gutierrez, Evan Hall, Marco Chan, Randy Jurgensmeyer, Courtney Hammond, Brian Bloom, Karsten Busby, Vanessa Griffith, Larry Pechacek, Ross Woessner, Scott Brown, Lanchi Huynh, Ryan Clyde, Austin Elder, Neil Imus and Evan Miller.

Involved fees earner: Michael Gibson – Vinson & Elkins LLP; Thomas Laughlin – Vinson & Elkins LLP; Alan Bogdanow – Vinson & Elkins LLP; Austin Elder – Vinson & Elkins LLP; Luke Thomas – Vinson & Elkins LLP; Neil Imus – Vinson & Elkins LLP; Evan Miller – Vinson & Elkins LLP; Ryan Clyde – Vinson & Elkins LLP; Lanchi Huynh – Vinson & Elkins LLP; Scott Brown – Vinson & Elkins LLP; David Peck – Vinson & Elkins LLP; Allyson Seger – Vinson & Elkins LLP; Christopher Dawe – Vinson & Elkins LLP; Rafael Alvarado – Vinson & Elkins LLP; Daniela Gutierrez – Vinson & Elkins LLP; Marco Chan – Vinson & Elkins LLP; Randy Jurgensmeyer – Vinson & Elkins LLP; Courtney Hammond – Vinson & Elkins LLP; Brian Bloom – Vinson & Elkins LLP; Karsten Busby – Vinson & Elkins LLP; Vanessa Griffith – Vinson & Elkins LLP; Larry Pechacek – Vinson & Elkins LLP; Ross Woessner – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Daseke, Inc.;

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Author: Ambrogio Visconti