ProTransport-1

ProTransport-1 is a leading provider of mission-critical, non-discretionary transportation solutions to hospitals, skilled nursing facilities, specialty clinics and event venues across Northern California, leveraging a proprietary set of next-generation, web-based solutions to deliver customer cost savings and efficiency.

has been acquired by

Medical Transportation Services

Situation

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.

BlackArch’s Customized Solution

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.

Outcome

ProTransport-1 was acquired by New Heritage Capital to support the company’s continued growth and key strategic initiatives.

Industries:

Business Services, Life Science & Healthcare

Location:

Cotati, CA

Transaction type:

Sellside Advisory