Toppoint Holdings, a truckload services provider focused on the recycling export supply chain, filed on Monday with the SEC to raise up to $17 million in an initial public offering.
Operating as a specialized regional trucking and logistics provider with a significant presence in New Jersey and Pennsylvania, Toppoint primarily offers integrated transportation solutions covering loading, transport, port drayage, and unloading. The company primarily transports waste paper, scrap metal, and wooden logs to ports for export. Its client base consists of large waste management companies, recylcing centers, and commodity traders.
The North Wales, PA-based company was founded in 2014 and booked $16 million in revenue for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol TOPP. Toppoint Holdings filed confidentially on February 5, 2024. A.G.P. is the sole bookrunner on the deal. No pricing terms were disclosed.
