ProTransport-1 founders Mike Sechrist and Elena Whorton retained BlackArch to help prepare and guide the company through a liquidity event and to find an institutional partner who could support the continued growth of the business.
Other investment banks narrowly defined the company as an ambulance provider, while BlackArch focused on PT-1’s unique margin profile and proprietary technology, establishing a valuation premium of more than 50%. BlackArch held preliminary roadshow meetings between Sechrist and Whorton and potential investors selected for their expertise in the medical transportation space.
Following an in-depth and detailed marketing process, New Heritage Capital, LLC, of Boston was selected to partner with ProTransport-1 and will support the company’s continued growth and key strategic initiatives.