Toppoint Holdings Inc.
General Information | |
Business: | We are a truckload services and solutions provider focused on the recycling export supply chain. We serve a clientele of large waste management companies, recycling centers and commodity traders in New Jersey and Pennsylvania. (Incorporated in Nevada)We have become a key player in the New Jersey and Pennsylvania regional trucking market for waste paper. Our market share is about 34 percent of the waste paper export drayage volumes through New Jersey’s ports and approximately 30 percent through Philadelphia’s ports, according to data sourced from IHS Markit. In addition to waste paper, our portfolio includes the shipment of scrap metal and wooden logs from large waste companies, recycling centers and commodity traders to the ports of Newark, New Jersey, and Philadelphia, Pennsylvania. We continue to expand our domestic footprint. In 2023, we ventured into the recycling export transport market of Tampa and Miami, Florida, and Baltimore, Maryland. We intend to explore the international market in Canada, the United Kingdom and Australia in the near future. Our client base includes the largest Fortune 500 waste companies and over 280 recycling centers and commodity traders that operate in nearly 2,300 locations. Our growing client base relies on us as their partner to provide a “white glove service” to ensure their time-sensitive ultra-high throughput commodities are safely loaded and delivered right to container ships. In addition, capitalizing on our know-how in developing logistics solutions over the years, we are able to propose integrated transportation solutions that cover loading, transport, port drayage and unloading.From time to time, we offer trucking services for plastic and other commodities and provide logistics brokerage solutions servicing the major ports in California, Georgia, South Carolina, Texas and Illinois, as well as commercial rail lines.As of March 31, 2024, we had 2 full-time and 1 part-time employees in the U.S., 8 overseas contractual staffers, and approximately 125 independent contractor drivers.Note: Net income and revenue are for the 12 months that ended March 31, 2024.(Note: Toppoint Holdings Inc. filed an S-1/A on Oct. 17, 2024, disclosing the terms for its IPO: The company is offering 2.5 million shares at a price range of $4.00 to $6.00 to raise $12.5 million. Background: Toppoint Holdings Inc. filed its S-1 on Aug. 12, 2024, for its IPO, with estimated proceeds of up to $17 million; terms were not disclosed. Toppoint Holdings submitted confidential IPO documents to the SEC on Feb. 5, 2024.) |
Industry: | TRUCKING & COURIER SERVICES (NO AIR) |
Employees: | 3 |
Founded: | 2014 |
Contact Information | |
Address | 1250 Kenas Road North Wales, PA 19454 551-866-1320 |
Phone Number | (551)-866-1320 |
Web Address | https://toppointtrucking.com/ |
View Prospectus: | Toppoint Holdings Inc. |
Financial Information | |
Market Cap | $87.5mil |
Revenues | $16.05 mil (last 12 months) |
Net Income | $0.37 mil (last 12 months) |
IPO Profile | |
Symbol | TOPP |
Exchange | NASDAQ |
Shares (millions): | 2.5 |
Price range | $4.00 - $6.00 |
Est. $ Volume | $12.5 mil |
Manager / Joint Managers | A.G.P. (Alliance Global Partners) |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |