BB&T Capital Partners has sponsored a recapitalization of Unishippers Global Logistics, a Salt Lake City-based reseller of shipping services. No financial terms were disclosed. BB&T led the equity tranche, which also included participation from Roynat Capital and company management. Zions First National Bank and Roynat provided the debt financing.
Unishippers Global Logistics, in partnership with BB&T Capital Partners, has announced the recapitalization of Unishippers in order to provide liquidity to shareholders. Headquartered in Salt Lake City, Utah, Unishippers is the nation's largest reseller of complete shipping services, including domestic express, ground, international express and freight.
Founded in 1987, Unishippers serves more than 100,000 small- to medium-size businesses with 269 franchises nationwide. Unishippers partners with major carriers such as DHL, Roadway