Current Engagements

Our Client (the “Company”) sells, rents, and modifies shipping containers to and for customers across North America. Since 2014, over 26,000 customers have rented or purchased shipping containers ranging in size from 10-40 feet from the Company. Each month, it sells over 500 new and used containers and rents ~6,500; annually, it fabricates over 1,800 units. Rental terms are month to month and the average duration ranges between 6-9 months. Business conditions are conducive to growth and our Client is seeking to pursue larger fabrication contracts and expand its rental portfolio. The business operates in four segments: container sales, rentals, fabrications, and transportation services. Container sales generate ~30% in revenue; fabrication represents ~40%. All container fabrication work – such as adding windows, insulation or other modifications – is based on a purchase order. Our Client has reputation for delivering defect free product. The company’s rental segment contributes ~26%. Containers are rented monthly to meet the needs of various industries, including construction, commercial, agricultural, retail, and more. Roughly 80% of all units are rented each month generating a predictable revenue stream. Transportation services represent the balance of revenues and complement each segment because specialized vehicles and trailers are typically required to deliver and pick-up containers. The Company completed a $25MM+ CapEx expansion during 2021-2023 which was financed from profits and short-term loans for containers with a useful life of ~30 years. The fabrication segment has a long cash to cash cycle which has constrained liquidity. The balance sheet is under-leveraged.

Our Client (the “Company”) is a logistics and delivery company with over 20 years of experience, specializing in providing reliable service for the “last mile” of the supply chain across 32 states. Of total revenues, 50% are generated from top-100 customers, with an additional 1,000+ clients making up the balance. A large portion of revenue is related to the delivery of auto parts sold via retail, wholesale, and car dealerships, where timely delivery of parts is essential and for which demand is constant throughout all economic cycles. The Company provides on-demand, same-day, or next-day delivery services. The Company operates as an “asset-light” business, utilizing over 5,000 Independent Contractors (“I/C”) drivers nationwide. These drivers own & operate their vehicles and are paid based on the completion of a delivery. The Company charges a fuel surcharge based on current fuel costs which contributes to profitability The Company recruits Independent Contractors (“I/C”) drivers nationwide and employee drivers in Western states. Customer churn is low because the Company economically removes the burden of managing driver turnover from its clients by providing that service with a reliable 98%+ on-time performance. The Company does not compete based entirely on price, as most customers consider the size, capability, capacity, and performance history as essential components to a business relationship. Our Client is one of the largest players in the industry. The Company has lined up an immediate pipeline of existing and new customer business which will enable it to double sales by April. Higher sales will enable our Client to rapidly return to profitability. In order to meet its interim supply chain, working capital, and other runway needs, the Company is in the process of closing a related party loan totaling $500K to pay-off aged AP and improve working capital.

Our Client is an IT services organization founded in 2009 that provides end-to-end IT solutions, strategic technology consulting, and offshore product development services worldwide. The Company’s ultimate parent is headquartered in India and is publicly traded on the Bombay Stock Exchange. A significant portion of all revenue is sourced from over 70 US clients. The Company is a leading enabler of digital transformation, digital connected, SAP, outsourced product development, digital commerce, and marketing services with a focus on ISMAC (Internet of Things, Social, Mobile, Analytics, Cloud) technologies for customers located primarily in India and the US. Our Client works with the top eCommerce companies, digital wallet providers, and large airlines and was recently named one of the fastest growing technology companies in India.