Monday, October 30, 2017
Staff report
YOUNGSTOWN
Youngstown-based Falcon Transport Co., which was founded in 1903 and has been family-owned and operated for four decades, has been purchased by Los Angeles-based CounterPoint Capital Partners LLC.
CounterPoint, a private investment firm specializing in the lower-middle market, did not disclose the financial terms of the acquisition.
A leader in transportation logistics, Falcon provides dedicated, flatbed and over-the-road services to numerous blue-chip customers including General Motors at its Lordstown Complex, Ford, Nexteer, ArcelorMittal and U.S. Steel.
“All of us at CounterPoint are very aware of the century-old legacy we have become a part of,” said Stephen Rossi, managing partner.
“Falcon has an impressive history, an exceptional team of nearly 800 employees and tremendous partnerships with its customers. We are looking forward to Falcon’s continued growth and expansion,” Rossi said.
Larry Long, director of Falcon operations, said: “We are thrilled that our long legacy as an Ohio-based carrier continues and that our new ownership team is already creating excitement among employees and drivers.”
CounterPoint purchases companies with headquarters throughout the United States and Canada with $10 million to $20 million in annual revenues.