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Related Party Transactions
6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Related party transactions
11. Related Party Transactions
The Company has an advisory agreement with HCI Equity Management L.P. (“HCI”) that requires the Company to pay transaction fees and an annual advisory fee of $0.1 million. The Company made no payments to HCI during the three months ended June 30, 2016. The Company paid an aggregate of $0.2 million to HCI for advisory fees and travel expenses during the six months ended June 30, 2016. The Company paid an aggregate of $0.1 million during the three and six months ended June 30, 2015 to HCI for the advisory fee and travel expenses incurred.
The Company has a number of dedicated carriers that haul freight for the operating companies that are owned by employees of the operating companies. The Company paid an aggregate of $1.8 million and $1.4 million to these carriers during the three months ended June 30, 2016 and 2015, respectively. The Company paid an aggregate of $3.5 million and $2.8 million to these carriers during the six months ended June 30, 2016 and 2015, respectively.
The Company has a number of facility leases with related parties and paid an aggregate of $0.7 million and $0.2 million under these leases during the three months ended June 30, 2016 and 2015, respectively. The Company paid an aggregate of $1.3 million and $0.3 million under these leases during the six months ended June 30, 2016 and 2015, respectively.
During the quarter ended June 30, 2016, the Company entered into and completed a sale leaseback transaction to sell the Stagecoach corporate office to an entity owned by the employee who manages Stagecoach for a total sale price of $3.5 million.
The Company leases certain equipment through leasing companies owned by related parties and paid an aggregate of $0.2 million during the during the three months ended June 30, 2016. The amount paid for the leased equipment was minimal during the three months ended June 30, 2015. The company paid an aggregate of $0.2 million and $0.1 million during the six months ended June 30, 2016 and 2015, respectively.