A logistics and transportation company that was recapitalized in 2017 by a Texas-based private equity firm has gone out of business, according to information in a trade publication.
Dillon Logistics Inc. of Burr Ridge, Illinois, a family-owned provider of dry and liquid bulk transportation services for agriculture, construction products, industry and energy, closed at midnight Tuesday, according to a FreightWaves article. The company was founded in 1980, according to a press release from Cotton Creek Capital, the private equity firm that recapitalized 4d Dillon in January 2017.
Austin-based Cotton Creek Capital is an operations-focused private equity firm focused on investing and growing lower-middle-market companies in the manufacturing, infrastructure services, chemicals industries. specialty products, construction products, food and beverage, and business services. The company targets companies with EBITDA between $ 5 million and $ 15 million, investing in situations ranging from buyouts, recapitalizations, acquisitions and constructions to business disposals.
Other companies in Cotton Creek Capital’s portfolio include Graco Supply of Fort Worth and Coal City Cob Company in Waxahachie. Cotton Creek has an office in Fort Worth.