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Knox & Co. advises Toyota Tsusho America, Inc. on its acquisition of L & D Transportation Services, Inc.


Westport, CT, November 14, 2008 –Knox & Co., a leading investment bank for middle-market and cross-border mergers and acquisitions announced today that it acted as exclusive financial advisor to Toyota Tsusho America, Inc. (“Toyota”) and its logistics subsidiary on its acquisition of substantially all the assets of L & D Transportation Services, Inc. (“L & D”).

L & D is a full service logistics provider headquartered in Knoxville, Tennessee with multiple service centers and crossdock facilities in Kentucky, Indiana, Michigan and Texas. L & D provides long and short haul trucking and logistics services to a group of key Tier 1 and Tier 2 suppliers to the automobile manufacturing industry.

Toyota is one of the leading Japanese trading companies and member of the Toyota Group of Companies. Its trading activities include metals, automotive, chemicals and plastics, logistics and food & agricultural products. Toyota is a long-standing client of Knox & Co. and this represents another in a series of successful corporate finance assignments Knox has completed for Toyota.

“We are very pleased to have completed this transaction in a challenging M&A market, particularly in this industry,” noted Michael Baisley, Managing Director. “Attractive strategic opportunities are still garnering attention in the middle market, even in industries as challenging as automotive dependent logistics. This represents Knox’s fourth transaction in the logistics and trucking industry and we are currently seeking other opportunities for strategic acquirers in this space.” Matthew Andrejkovics, Vice President, also assisted in the completion of this transaction, the terms of which were not announced.

Knox & Co. is an investment banking, consultancy and advisory firm specializing in two complementary advisory disciplines: Investment Banking and Corporate Reorganization. The firm undertakes assignments throughout North America and abroad. Knox & Co. conducts its securities-related business through its wholly owned subsidiary, Knox Securities Corp., member FINRA. In addition, the firm enjoys a number of international strategic alliances that facilitate access to global acquirers and capital.

Knox & Co. ( has advised on more than 200 middle-market merger and acquisition and financial advisory assignments since its inception.

Michael D. Baisley
203-226-6288 (x118)

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