February 2023. Sell-side. Presented Letter of Intent ($16.5MM+/-) associated with strategic recapitalization of an asset light third party logistics company in the Southeast. Second process provided owner with a walk-away transaction so that owner could focus on offshore BPO company that he was developing. 3PL Company had only two employees: owner and one direct employee (sales). Sales, administration, and accounting outsourced to sub-contractors and 1099s. All admin and back office (60+FTPs) outsourced offshore via BPO.