Signs point to economic recovery on the way
For those looking for bright spots in otherwise dismal economic reports, there have been a few rays of hope recently. Consumer confidence is up, inventories are falling on rising sales and two major home builders are positioning themselves for future growth.
And someone is banking on a turnaround in the trucking industry. Private-equity firm Atlantic Street Capital, based in Stamford, CT, has purchased EZE Trucking, a California-based heavy hauler that has been in business since 1971. EZE also has a brokerage service. Atlantic is looking to an industry turnaround that could generate significant return on its investment.
“We believe the acquisition of EZE Trucking represents an exciting opportunity for Atlantic Street to support a leading player in the attractive specialty transportation sector," said Peter Shabecoff, managing partner of Atlantic Street Capital. “As the country continues to invest in improving its deteriorating network of roads and bridges, that will have a key impact on EZE’s growth. We look forward to working with [EZE president Kirk Jensen] and his senior management team to provide the capital and resources to further grow the business.”
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