Thomas Smith
Memphis, TN (USA)
Role(s):
Active Funding Request
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Other
Tytcover, Inc
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Startup
Location:
Memphis
Industry:
Transportation
Year Founded:
2009
Number Employees:
1-10 people
Description:
Executive Summary:
The purpose of this confidential information is to describe the terms of Project Volunteer, the proposed acquisition ("Transaction") of substantially all of the assets of the target company (the "Company" or the "Target") by Tytcover Incorporated (the “Buyers”) of Memphis, TN. The Target is a Southeast Tennessee - based less-than truckload carrier. Tytcover Inc. is a company formed by Thomas Smith. Mr. Smith operated a small trucking company based in Memphis, TN.
On April 25, 2005, Tytcover entered into a letter of intent to acquire the Company’s operating assets. The acquisition of the operating assets is approximately 4.0 times its earnings before interest, taxes and depreciation and amortization ("EBITDA") for its trailing twelve months. As of December 31, 2