Exclusive financial advisor to Tidewater Fleet Supply, LLC

KPMG Corporate Finance LLC acted as the exclusive financial advisor to Tidewater Fleet Supply, LLC

Tidewater Fleet Supply, LLC, a portfolio company of Falcon Affiliates, has refinanced its existing senior credit facility. The Norfolk, Virginia-based company is an independent Southeastern-based distributor of light, medium, and heavy-duty aftermarket truck and trailer parts.

KPMG Corporate Finance served as exclusive financial advisor to Tidewater Fleet Supply approaching a targeted universe of asset-based senior lenders, including banks and senior credit funds, throughout the competitive process. The competitive process yielded various alternatives which improved negotiating leverage and allowed Tidewater Fleet Supply to select a lender that best fit its current and future objectives.

Why KPMG Corporate Finance

  • A trusted advisor with in-depth knowledge of asset-based lending
  • Deep industry expertise of the commercial vehicle aftermarket parts business
  • Capital markets team with strong lender relationships

About Tidewater Fleet Supply LLC

Founded in 1953, Tidewater Fleet Supply, LLC, a Falcon Affiliates portfolio company, is an independent Southeastern-based distributor of light, medium and heavy-duty aftermarket truck and trailer parts. Tidewater Fleet Supply serves approximately 4,000 customers, with over 300 product lines covering 25,000 SKUs. They have extensive coverage across the Southeast with 14 branches extending from Virginia to Florida, three of which provide outsourced parts procurement for municipal customers under managed agreements.

KPMG Corporate Finance

The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions for the past five, 10 and 20 years.

Mike Rudolph

Mike Rudolph

Managing Director, KPMG Corporate Finance LLC

+1 708-391-7342

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