MoFo News Item

MoFo Advises Palladium Equity Partners on Financing to Support the Acquisition of ALC Schools and Red Rock Technology

02 Mar 2020

Morrison & Foerster represented Palladium Equity Partners, LLC, a middle market private equity firm with approximately $3 billion in assets under management, in obtaining financing to support the acquisition of ALC Schools, LLC and Red Rock Technology, LLC (combined, “ALC”), a mission-driven provider of alternative transportation solutions to school districts in the United States, from affiliates of American Logistics, LLC. The deal was announced on March 2, 2020.

ALC offers alternative student transportation solutions for a variety of student populations, including special education, homeless, foster, and other in-need students. The company leverages a proprietary, technology-enabled platform to optimize transportation for school districts across the U.S. In a statement, Palladium said it hopes to work with ALC to expand existing relationships with school districts, launch in new states, develop and market new solutions, and continue to grow and benefit from strong industry tailwinds.

The MoFo team was led by San Francisco Private Equity/Finance partner Darío Avram and of counsel Eric Min.

Read the companies’ press release.



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