PKF Investment Banking Closes Majority Sale of Technical Traffic Consultants
Transaction reinforces M&A advisory team’s comprehensive service model and industry-leading expertise
PKF Investment Banking (PKFIB), the investment banking affiliate of PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today the sale of its client’s majority ownership in Technical Traffic Consultants Corporation. The majority stake in Technical Traffic Consultants, a premier provider of freight preaudit, payment and business intelligence services, was sold to Jim Parker and David O’Quinn. The transaction underscores PKFIB professionals’ demonstrated history of advising and executing over 200 successful deals throughout their careers, that have all achieved favorable outcomes and optimum value for clients.
“The PKFIB team provided invaluable experience and continuous support throughout our entire engagement, and their collaboration proved indispensable to the ultimate success of this deal,” said John Mecchella, President and Co-Owner of Technical Traffic Consultants. “Among other insights, the M&A expertise they shared aided us tremendously in obtaining optimal terms and closing the deal in a timely fashion.”
Founded in 1973 and based in Congers, New York, Technical Traffic Consultants’ past is rooted in strong audit principles, while its future is centered on a commitment to continuous improvement and data analytics. The company provides its global partners with a holistic suite of services, including freight preaudit and payment, expense allocation, data integration, reporting and data transmission, financial analysis, logistics support and consulting and transportation law. It aims to bring to all engagements a strong reliance on customization, an attention to detail and a commitment to accuracy.
“We’re delighted to see this transaction come to a favorable conclusion for all parties involved, and we’re proud to have played a leading role in establishing the next chapter of Technical Traffic Consultant’s history,” said Robert F. Murphy, Senior Managing Director of PKF Investment Banking. “Once again, our team’s customized execution and comprehensive expertise allowed us to exceed expectations and remain a pivotal partner to our client.”