Aethlon Capital announced today that it successfully advised Manna Freight Systems, Inc., headquartered in Mendota Heights, Minnesota, on the sale of its business to Pilot Freight Services of Lima, Pennsylvania. As part of the transaction, which closed on July 16th, Pilot Freight Services acquired all of Manna Freight Systems’ assets, including its “Last Mile” home delivery operations.
“Pilot is a well-run, well-respected name in the freight business with new owners and a fresh new charter: growth,” said Al Meehan, CEO of Manna Freight Services. “The combination of the two companies will produce a formidable force.”
“We are very pleased to have advised Al Meehan on the sale of his company,” said Sima Griffith, managing principal of Aethlon Capital. “The Aethlon team conducted a broad marketing process to both strategic and financial buyers that resulted in a great outcome for our client.”
“Aethlon was engaged as the company’s exclusive sell-side advisor because of our strong industry knowledge, relevant buyer relationships and sell-side advisory expertise,” she said.
About Manna Freight Services, Inc.
Manna Freight Services provides specialized transportation and logistics services for delivering large goods to home consumers. Since its founding 26+ years ago, the company’s single-source integration and white-glove services have made it a “mission critical” business partner for some of the largest consumer brands in the country. For more information, visit: www.Manna.com.
About Pilot Freight Systems
Headquartered in Lima, Pennsylvania, Pilot Freight Systems a full-service global transportation and logistics company with over 75 locations throughout North America, western European operations, and administration offices in the Netherlands and Spain, and a worldwide network of overseas partners. For additional information, visit: www.PilotDelivers.com.
About Aethlon Capital, LLC
Aethlon Capital LLC is a Minneapolis-based investment bank that specializes in mergers and acquisitions and raising capital for manufacturing, technology, consumer, and transportation & logistics companies.