CHARLOTTE, NC, February 13, 2025 – Bright Hope Capital is making a strategic investment of $2.5 million to expand Big Prime Hauling operations. This investment will be used to acquire additional hauling vehicles, including dump trucks, purchase a dedicated storage yard in Raleigh, North Carolina, and develop an on-site mechanic shop to service the company’s fleet.

“Big Prime Hauling has been experiencing substantial growth, and this investment is a key part of our strategy to ensure efficiency and sustainability,” said Terrell Southerland, president of Big Prime Hauling. “With new contracts secured and the business scaling rapidly, these additions will strengthen our operational capabilities and create more opportunities for our workforce.”

The new yard will serve as the company’s central truck storage and maintenance hub, optimizing logistics and fleet management. Additionally, the construction of an in-house mechanic shop will allow the company to service and maintain its growing fleet independently, reducing downtime and increasing cost efficiency.

“This expansion represents another step in fulfilling Bright Hope Capital’s mission—to invest in Black- and Brown-owned businesses, support economic growth, and provide good-paying jobs,” said Lorie Spratley, chief operating officer of Bright Hope Capital. “We are not only scaling operations but also strengthening our commitment to workforce development.”

As part of its broader mission, Big Prime Hauling is dedicated to exploring how this expansion can further integrate its recidivism reentry program, creating even more employment opportunities for returning citizens looking to rebuild their lives through stable careers in the trucking industry.

Bright Hope Capital remains steadfast in its commitment to scaling businesses that create jobs and foster economic mobility.

For more information, visit bigprimehauling.com.

For media inquiries, please contact:

Lorie Spratley
Chief Operating Officer
(704) 756-1212
Lorie@BrightHope.Capital

Lauren D. Wooden
SVP | Marketing, Branding, Communications
(818) 699-7915
Lauren@BrightHope.Capital

About Bright Hope Capital, LLC
Bright Hope Capital, LLC, a Charlotte, North Carolina-based investment firm, was co-founded in 2020 by retired Bank of America CEO Hugh McColl, EY’s Central Region Private Leader and former Charlotte managing partner Malcomb Coley, and president and CEO of NiSource Inc. Lloyd Yates. Bright Hope Capital is a Charlotte-based investment firm dedicated to acquiring and scaling Black- and Brown-owned businesses. Through strategic investments and business development initiatives, Bright Hope Capital fosters economic empowerment, job creation, and long-term growth. Current subsidiaries include Big Prime Hauling and R.J. Leeper Construction.

About Big Prime Hauling, LLC
Founded in 2009 by Terrell Southerland, Big Prime Hauling, LLC has grown from a single truck operation into a leading hauling company serving North and South Carolina. Headquartered in Raleigh, the company specializes in construction-related transportation services, focusing on safety, efficiency, reliability, and industry-leading expertise.

In 2018, Big Prime Hauling launched the Training2Work program, a groundbreaking initiative designed to support formerly incarcerated individuals and returning citizens in obtaining their Commercial Driver’s License (CDL). This program underscores the company’s deep commitment to workforce development, second-chance employment, and community impact.

Big Prime Hauling also offers a comprehensive CDL training program. The program provides 160 hours of instruction over four weeks to equip aspiring drivers with the skills needed for long-term success in the trucking industry.

In 2021, Big Prime Hauling became a subsidiary of Bright Hope Capital, aligning with its mission to scale Black- and Brown-owned businesses and drive economic empowerment through strategic investments and business expansion.

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