Elite Express
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Elite Express - overview
Established
1999
Location
Phoenix, AZ, US
Primary Industry
Logistics & Distribution
About
Elite Express is a logistics company that offers a wide range of tailored transportation services, focusing on timely delivery and maintaining product integrity for various industries. Founded in 1999 and headquartered in Phoenix, US, Elite Express is a logistics service provider specializing in freight shipping solutions. The company has maintained its core focus on transportation, without notable pivots or changes in business strategy. It has completed one significant deal, with the most recent one occurring on December 16, 2016, where Linx Partners recapitalized Elite Express, though financial terms were not disclosed.
Elite Express specializes in comprehensive logistics solutions, providing various transportation services tailored to meet the needs of industries like pharmaceuticals, specialty chemicals, and food products. The company offers Less Than Truckload (LTL) services for shipments over 2,000 pounds, temperature-controlled transport, and expedited delivery services across the continental United States. Operating an asset-based model, it owns over 1,000 tractors and both dry and refrigerated trailers, enhancing operational capabilities. Elite Express serves a broad client base, addressing critical logistics challenges with reliable solutions for perishable goods, medical supplies, and specialized chemicals nationwide.
Elite Express generates revenue primarily through its transportation services structured around B2B transactions with clients requiring freight shipping solutions. They offer service options including Next Day Service, Team Service, and Same Day Delivery, typically charged based on weight and distance. Through direct contracts, clients engage with Elite Express, which outlines specific service agreements and pricing tailored to their shipping needs. The company's flagship services cater to industries with stringent delivery requirements, ensuring timely and intact delivery of products.
Elite Express plans to leverage its recent recapitalization in December 2016 to enhance its logistics capabilities and expand its market reach. Future initiatives include the design and launch of new transportation services targeting the growing demand for reliable delivery in the pharmaceutical and food sectors. The company is actively exploring expansion into new geographic markets across the Southeastern and Northeastern United States, aiming to establish a presence by the end of 2024. The funding received will be utilized to support these growth strategies and bolster fleet capabilities.
Current Investors
LINX Partners
Primary Industry
Logistics & Distribution
Sub Industries
Freight Transportation Services
Website
www.shipeliteexpress.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Elite Express - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | Elite Express | - |
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