EVO Transportation & Energy Services, Inc. (OTCPK:EVOA) entered into a membership interest purchase agreement to acquire all of the outstanding equity interests in Johmar Leasing Company, LLC from Michael Ritter and Matthew Ritter for $3.9 million on September 16, 2019. The purchase price of $0.5 million was paid in cash. EVO Transportation & Energy Services also paid off Johmar indebtedness of $3.35 milli. Michael Ritter and Matthew Ritter held 50% membership interest each in Johmar. In related transactions, EVO Transportation & Energy Services, Inc., entered into a stock exchange agreement to acquire John W. Ritter, Inc. and a stock purchase agreement, to acquire equity interests in Ritter Transportation and Ritter Transport. The acquisition was funded through concurrent closing of a $24.5 million credit facility with Antara Capital LP and its affiliates. Upon completion, Johmar Leasing Company, LLC operates as a wholly owned subsidiary of EVO Transportation & Energy Services, Inc. The transaction is subject to third party approval, execution of employment agreement, written resignations of the officers and members of the board of directors of Johmar Leasing Company, LLC duly executed, and resolutions duly adopted by buyer’s board of directors. Michael Mercurio and Brent Salmons of Offit Kurman, Attorneys At Law acted as legal advisors to Michael Ritter and Matthew Ritter. Frank B. Bennett and Patrick Seul of Fredrikson & Byron P.A. acted as legal advisors to EVO Transportation & Energy Services, Inc. Craig-Hallum Capital Group LLC acted as financial advisor to EVO Transportation & Energy Services, Inc. EVO Transportation & Energy Services, Inc. (OTCPK:EVOA) completed the acquisition of Johmar Leasing Company, LLC from Michael Ritter and Matthew Ritter on September 16, 2019.