Los Angeles Capital Firm Buys Falcon Transport
Founded in 1903, Falcon is a transportation logistics company with flatbed and over-the-road services for clients including General Motors, Ford, Nexteer, Arcelor Mittal and U.S. Steel. It employs nearly 800.
“We are thrilled that our long legacy as an Ohio-based carrier continues,” said Falcon director of operations Larry Long in a release. “I look forward to meeting personally with the industry’s best drivers to share our growth plans with them. Our new ownership team is already creating excitement amongst employees and drivers.”
CounterPoint’s focus is on “lower-middle market companies” in the United State and Canada with annual revenue between $10 million and $200 million and “complex situations caused by operational, succession or financial challenges within a company or industry.”
“All of us at CounterPoint are very aware of the century’s old legacy we have just become a part of,” said CounterPoint managing partner Stephen Rossi in a release. “Falcon has an impressive history, an exceptional team of nearly 800 employees, and tremendous partnerships with its customers. We are excited to be supporting the business and are looking forward to Falcon’s continued growth and expansion.”
In June, long-time Falcon Transport owner Don Constantini announced a $1 million gift to Youngstown State University to support a media center at Stambaugh Stadium. The center will have classrooms and labs for students in the sports broadcasting program and a press box for media at YSU football games. Over the years, he has also established an endowed scholarship with the YSU Foundation and donated to support the construction of Williamson Hall and the Andrews Student Recreations and Wellness Center.
Copyright 2023 The Business Journal, Youngstown, Ohio.