CIBC ADVISES MERLOT VANGO TARPING SOLUTIONS, A PORTFOLIO COMPANY OF CONTINUIM EQUITY PARTNERS, ON ITS SALE TO SAFE FLEET, A PORTFOLIO COMPANY OF OAK HILL CAPITAL
Milwaukee, Wisconsin, August 30, 2023 – CIBC is pleased to announce that its client, Merlot Vango Tarping Solutions (“Merlot” or the “Company”), a portfolio company of Continuim Equity Partners (“Continuim”), has been acquired by Safe Fleet, a portfolio company of Oak Hill Capital (“Oak Hill”). CIBC acted as exclusive financial advisor to Merlot in this transaction.
Merlot is a leading designer, manufacturer, installer, and servicer of innovative retractable tarping systems and replacement parts for flatbed trailers. Merlot’s unique segmented design provides the industry’s highest level of durability and lowest lifetime costs for fleets of all sizes and truck and trailer owners/operators.