Cases and Deals

Blank Rome Represents ZS Fund L.P. in Transaction to Acquire Lily Transportation

A Blank Rome team represented ZS Fund L.P., a private equity firm and majority owner of Transervice Logistics, in an acquisition of Lily Transportation, a leading provider of dedicated contract carriage services based in Needham, Massachusetts, by a ZS Fund L.P.-managed affiliate. Transervice Logistics provides dedicated contract carriage, contract maintenance, full-service leasing, and freight brokerage services, and following the transaction, Transervice Logistics and Lily Transportation, combined, will operate in more than 185 locations across North America. The transaction closed on June 29, 2023.

For more information on this transaction, please read ZS Fund L.P. acquires Lily Transportation to be affiliate of Transervice Logistics (press release, July 11, 2023).

The Blank Rome team on the M&A side was led by Gary Goldenberg, Inna Zaltsman, and Brock Wittmeyer with significant support from Cory Jacobs, Erin Coppock, Jake Shapiro, and Tyler Hill. Also assisting with the transaction were Linsey Bozzelli, Mark Blondman, Jennifer Daniels, Margaret Hill, Michael Kadlec, Alan Lieblich, Yelena Barychev, Lisa Casey Spaniel, Josh Broderson, Jacob Brownstein, Blake Fink, and Ivy Shapiro. The Blank Rome team on the Finance side was led by Kevin Baum and Adam Sansweet with significant support from Jessie Chen, Ha Gyun Chung, Chris Tarbell, and Mary Anne Kowalczyk.