Since 1991, Source Capital, Ltd. has represented Hammel Companies on various matters related to growing its businesses (finance and acquisitions), and inter-generational business transfer and shareholder liquidity. The Company, through its two primary operating subsidiaries, Pitt Ohio Express and ECM Transport, LLC, is in the less-than-truckload and truckload transportation and logistics businesses. It also has developed proprietary information technology (for supply chain tracking and reporting purposes) and “load balancing software”, which optimizes transfer routes, assets and equipment. Over the years the Hammel Companies have grown organically and through acquisitions of terminals and operating businesses, with revenue and free cash flow increasing significantly during the time of Source’s involvement.

The business was originally owned among six siblings, five of whom have been able to cash-out of their shares over the past several years, which now leaves Chuck Hammel, the Company’s Chairman and CEO, as the sole owner.

With the shareholder buyouts now completed, the Company is able to refocus on its new growth strategy, which Source has assisted in developing and with which Source will be involved in the implementation.

Since 1982, Source Capital, Ltd. has assisted family-owned, middle market companies with growth advisory, corporate finance and shareholder liquidity services. We have considerable experience with companies involved with transportation, warehousing and distribution, logistics and supply chain management. Source offers an integrated approach to addressing issues and implementing solutions involving growth strategy and company capitalization for principal owners of family-owned and closely held businesses.