October 2022. Sell-side. Presented Letter of Intent ($20.0MM+/-) associated with strategic recapitalization of an asset-light third party logistics company in the Southeast. First process provided owner with a strategic recap option with investors requirement that owner stay on-board to continue operating and growing the Company. Owner decided that he preferred a walk-away transaction so that he could focus on 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.