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Aethlon Capital Advises Manna Freight Systems on Its Sale to Pilot Freight ServicesAethlon Capital (www.Aethlon.com) announced today that it successfully advised Manna Freight Systems, Inc., headquartered in Mendota Heights, Minnesota, on the sale of its business to Pilot Freight Services of Lima, Pennsylvania. As part of the transaction, which closed on July 16th, Pilot Freight Services acquired all of Manna Freight Systems' assets, including its "Last Mile (News - Alert)" home delivery operations. "Pilot is a well-run, well-respected name in the freight business with new owners and a fresh new charter: growth," said Al Meehan, CEO of Manna Freight Systems. "The combination of the two companies will produce a formidable force." "We are very pleased to have advised Al Meehan on the sale of his company," said Sima Griffith, managing principal of Aethlon Capital. "The Aethlon team conducted a broad marketing process to both strategic and financial buyers that resulted in a great outcome for our client." "Aethlon was engaged as the company's eclusive sell-side advisor because of our strong industry knowledge, relevant buyer relationships and sell-side advisory expertise," she said.
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