Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc.

Overview
Date Founded

1985

Headquarters

400 Birmingham Highway,Chattanooga, TN 37419

Type of Company

Public

Employees (Worldwide)

5,850

Industries

Shipping & Delivery
Holding Companies
Consumer Services

Company Description

Covenant Logistics Group, Inc. is a holding company, which engages in the provision of freight and logistics services. It operates through the following segments: Highway Services and Dedicated Contract Services. The Highway Services Segment includes two separate service offerings: Expedited Services (\"Expedited\") and Over-the-Road Services (\"OTR\"), both of which transport one-way freight over nonroutine routes. The Dedicated Contract Services Segment provides similar transportation services, but does so pursuant to agreements whereby equipment available to a specific customer for shipments over particular routes at specified times. The company was founded by David Ray Parker in 1985 and is headquartered in Chattanooga, TN.

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Executives & Employees

Chairman of the Board & Chief Executive Officer

Co-President & Chief Administrative Officer

Executive Vice President, Chief Financial Officer & Secretary

Chief Human Resources Officer & General Counsel

Chief Transformation Officer

Executive Vice President & Chief Operating Officer-Star Transportation, Inc

Executive Vice President & Chief Operating Officer-Southern Refrigerated Transport, Inc

Executive Vice President, Highway Services

Senior Vice President, Risk Management

Senior Vice President-Driver Management

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Covenant Logistics Group, Inc.
Owners & Shareholders
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Meros Investment Management L.P. is a private company headquartered in Dallas, TX, that provides investment advice. It was founded in 2019 by Timothy Darin Chatard. Kenneth Scott Canon has been the CEO since that date.

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Livingston Group's investment process employs a combination of top-down review and macro indicators coupled with sound fundamental analysis. They look for sectors that are positioned for outperformance, and within those sectors, for stocks or ETFs that are positioned for additional return. The firm incorporates macro analysis into the stock selection process to bring added value in building portfolios in various market conditions. Using a research profile supported by an extensive database, they evaluate information on over 9,500 domestic stocks. If individual securities do not meet their investment criteria, they use ETFs to meet their sector weighting requirements and to meet diversification needs. They sell securities if the underlying investment premise for a company changes, a stock eclipses their target valuation or if the portfolio becomes over-weighted in a particular holding. While Livingston Group believes that portfolios should be made up mainly of equities, they also believe that a small allocation of bonds provide valuable diversification. The firm also recognizes that for investors with a lower risk tolerance or specific current income needs, fixed-income securities need to play a greater role within the portfolio. Their approach to bond investing is very similar to their equity process. They use disciplined analytical research to understand the critical economic factors that drive long-term interest rates. They identify A-rated, or better, securities to minimize credit risk and structure laddered maturities to exploit projected interest rate movement.

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Acuitas Investments LLC is an American private company located in Seattle, WA, also operating in the United States. The firm provides investment advice. It was founded in 2011 by Dennis Wesley Jensen and Christopher David Tessin. Christopher David Tessin has been the CEO since the inception date.

Recent Transactions
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Advance Business Capital LLC, Triumph Bancorp, Inc. purchase Covenant Transport Solutions, Inc. from Covenant Logistics Group, Inc.

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Covenant Logistics Group, Inc. issued USD Common Stock

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Covenant Logistics Group, Inc. purchases Transport Enterprise Leasing LLC

Transaction Advisors
Auditor

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Underwriter

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Accountant

Advised onCovenant Logistics Group, Inc. purchases Harold Ives Trucking Co.

Chief Executive Officer

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Managing Director, Transportation

Advised onCovenant Logistics Group, Inc. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Clients

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

Key Stats and Financials As of 2019
Market Capitalization
$298M
Total Enterprise Value
$546M
Earnings Per Share
$0.45
Revenue
$895M
Net Profit
$8.48M
EBITDA
$94.9M
EBITDAMargin
10.61%
Total Equity
$350M
Total Debt
$349M
Three Year Compounded Annual Growth Rate Of Revenue
10.08%
Enterprise Value / Sales
0.61x
Enterprise Value EBITDAOperating
5.12x
TEVNet Income
64.41x
Debt TEV
0.64x
Non-Profit Donations & Grants
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