May 1, 2023
McGuireWoods advised private equity firm Chartwell Investments Entrepreneur & Founder Capital (CHIEF Capital) in its growth investment in Guardian Fleet Services Inc., a provider of towing, recovery and specialized transportation services. The investment will accelerate Guardian’s growth trajectory as it continues expanding its industry-leading capabilities and geographic footprint.
CHIEF Capital provides flexible private equity for entrepreneurs, family-owned businesses and corporate carve-outs. It focuses on lower middle-market companies with an emphasis on healthcare, healthcare services, business services and niche manufacturing segments. Guardian Fleet Services has 23 locations throughout Florida and Georgia.
Partner Tom Zahn, chair of McGuireWoods’ Corporate & Private Equity Department, and partner Stuart Rasley led the deal team, which included associates Kelly Pietracatello, Ryan Sanders and Erin Ball. Partner Penny Zacharias and associate Matthew VanDyke assisted on the transaction.
“We value our longstanding relationship with CHIEF Capital and were pleased to assist in closing an important transaction for our client,” Zahn said.
McGuireWoods has represented CHIEF Capital and its portfolio companies in nearly a dozen transactions. Notably, the firm represented portfolio company TTG Imaging in several deals, including its sale to Sentinel Capital Partners in 2021.
McGuireWoods ranked among the leading law firms for U.S. M&A deals in 2022. Its private equity capabilities have earned nationwide recognition from Chambers USA and The Legal 500. The firm also was a finalist in six deal categories for the 2022 M&A Advisor Awards, which recognized top corporate transactions and the firms involved in closing them.