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


 
 
Corporate finance services, including Financing, Debt Advisory, and Valuation Services, are not performed by all KPMG member firms and are not offered by member firms in certain jurisdictions due to legal or regulatory constraints. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. 
 
The information contained in this communication may not be representative of the experience of other clients and does not constitute a recommendation, offer, or solicitation to buy, sell or hold any security of any issuer. Past performance does not guarantee future results.
 
©2023 KPMG Corporate Finance LLC, a Delaware limited liability company. Member FINRA/SIPC. KPMG Corporate Finance LLC is a subsidiary of KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. KPMG Corporate Finance LLC is not engaged in the practice of public accountancy. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.