Houlihan Lokey Advises Safer Logistics and Lipsey Logistics

Houlihan Lokey is pleased to announce the sale of certain assets of Safer Logistics LLC (Safer) and Lipsey Logistics to Covenant Logistics Group, Inc. (NYSE:CVLG; Covenant). Prior to the sale, Safer was majority-owned by management. The transaction closed in late 2025 .

Founded in 2010 in Chattanooga, Tennessee, Safer is a trusted, rapid-execution logistics partner built for complex, time-sensitive work. Safer delivers multi-solution logistics support, now expanded through Covenant’s national platform. Core capabilities include:

• Emergency and disaster response, including water, meals, ice, essential goods, and rapid deployment support.
• Project and specialty transportation, including over-dimensional, heavyweight, cross-border, and time-critical freight.
• Government and infrastructure support, including state and county contracts, utilities, construction, and emergency services.

Based in Chattanooga, Tennessee, Covenant provides a range of transportation and logistics services designed to address customer supply chain needs. Its primary capabilities include expedited, dedicated warehousing  and managed freight transportation.

Houlihan Lokey served as the exclusive financial advisor to Safer and Lipsey Logistics. This transaction continues Houlihan Lokey’s successful track record in the freight brokerage sector and highlights the firm’s ability to execute complex sale transactions in the asset-light logistics sector even in the face of a record-long freight recession.

RELATED: Transportation and Logistics, Mergers & Acquisitions