Wind Point Partners and Oaktree Capital Management teamed up last week to buy the intermodal division of XPO Logistics for $710 million and combine it with Wind Point's portfolio company STG to. STG Logistics is based in Downers Grove, Illinois. We have just sent you an email so you can verify your account. Ox Engineered Products is a Leading Specialty Building Products Manfacturer, Acquired: December 2016Divested: March 2019. it's been delivered there. United States, XPO Logistics Inc. is divesting its North American intermodal business to private equity-backed STG Logistics Inc. for $710 million. Hearthside Food Solutions is a leading contract manufacturer for premier food companies. Acquired: December 2011Divested: August 2018. SOURCE STG Logistics; Wind Point Partners, Cision Distribution 888-776-0942 Chicago, IL, January 28, 2020 - STG Logistics ("STG" or the "Company"), a leading provider of specialty 3PL services critical to the global supply chain and a portfolio company of Wind Point Partners, is pleased to announce that its Board of Directors has appointed Paul Svindland to serve as the Company's Chief Executive Officer. Acquired: February 2011Divested: December 2017. We are former entrepreneurs and business leaders who love helping companies reach their full potential. STG Logistics has acquired 9 companies of its own, including 7 in the last 5 years. STG LOGISTICS ACQUIRES INTERNATIONAL WAREHOUSE SERVICES, INC. NOLA bound: Look for STG Logistics at AirCargo 2022! "I could not be more excited about this game-changing acquisition," said Mr. Svindland. Chase earned a BS in Business Management from Purdue University and a JD from Indiana University's Robert H. McKinney School of Law. ", "We are excited to partner with Wind Point and STG to acquire XPO's Intermodal division," said Emmett McCann, Managing Director and Co-Portfolio Manager of Oaktree's Transportation Infrastructure Investing strategy. Raymond James acted M&A adviser to XPO Logistics. STG operates a nationwide facility network comprised of 28 port locations totaling more than five million square feet and maintains relationships with more than 65 inland partners who enable final mile access to all major metro areas. With a demonstrated track record of success, our team brings together the best in the field to collaborate and realize the power of your business. We pride ourselves on our ability to retain our most knowledgeable and seasoned employees and respect the value they bring to all of our STG customers. Randy serves as Chief Financial Officer of STG Logistics and is responsible for the companys financial management and fiscal integrity, directing both corporate and business unit financial planning and budgeting, treasury, accounting, tax and risk management. STG CEO Paul Svindland and STG President and CFO Geoff Anderman will continue to lead the company. Additional information about Wind Point is available at www.windpointpartners.com. The XPO intermodal division acquired by STG is North America's third largest provider of containerized transportation services, providing intermodal drayage and rail brokerage services for retailers, manufacturers, third party logistics providers, and other types of customers. 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Prior to Infinity, Geoff was an investment professional with Wind Point Partners and a private equity attorney with Kirkland & Ellis LLP in Chicago. has nearly 1,000 employees nationwide, all experts in the demanding logistics industry. Minimum additional coverage amount is $100 and Maximum coverage is $800,000. With Asian imbalance, STG has room for your cargo! The company's comprehensive suite of services includes value-added contract services and specialized warehousing including container freight management, inventory management, distribution, and e-commerce fulfillment as well as multi-modal transportation. Acquired: February 2022CEO: Jos Luis Prado. A total of 3 acquisitions came from private equity firms. Kirkland & Ellis provided transaction counsel to Wind Point and Oaktree and McCarter & English provided transportation counsel to STG, Wind Point and Oaktree. Click here. TPM is right around the corner - and so is STG! Nelson Global manufactures tubes used in heavy and medium duty trucks and off-road vehicles. Geoff Anderman brings 13 years of diverse experience in private equity, M&A, finance and operations management to the STG Logistics team. STG Partners for Business Transformation A private equity firm focused on fueling innovative software, data, and analytics market leaders in the mid-market Our Approach Customer Centric Building companies that put the customer first Committed to Growth Investing in our businesses to drive sustainable, long-term top line results Portfolio good2grow is a better-for-you kids nutrition platform providing single serve juice, fortified water and milk products. 60515 Below are links to more information on our current and select realized companies. STG Logistics is a provider of facilities-based containerized logistics services including container deconsolidation, reconsolidation, transloading, warehousing, and outsourced transportation solutions including final mile delivery. Software Buyout. ", Paul Smith, incoming COO of STG Intermodal, stated "The combination of STG and the intermodal division of XPO creates a truly unique business in containerized logistics whose value proposition will resonate with every single one of our customers. 2023 Wind Point Partners|Home|Site Map|Terms of Use|Contact Us. Wind Point Partners, a Chicago-based private equity firm, has partnered with logistics executives Chris Jamroz and Hessel Verhage to . Musk Made a Mess at Twitter. Disclaimer: All rates are based on customer provided information. Acquired: August 2016Divested: August 2021. private equity, real assets and listed equities. Harris Williams acted as M&A adviser to STG Logistics and Wind Point on the recapitalization of STG. 2023 STG Logistics. Als (mede)verantwoordelijke structurele resultaatverbetering gerealiseerd bij Canon Imaging Supplies, Lambrechts NV (CRH), STG / SHAP Belgium (CRH) en Hertek Groep. Acquired: September 1998Divested: March 2000. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. Rotunda Capital Partners (Rotunda), an operationally focused lower middle-market private equity firm, has sold Amware Fulfillment (Amware), a US-based fulfilment logistics partner, to Staci Group, a fulfilment and logistics service provider headquartered in France. Base insurance coverage is $10,000 with zero deductible. We have completed 100+ platform and 300+ add-on acquisitions over the past 30+ years. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. STG Logistics has acquired 9 companies of its own, including 7 in the last 5 years. STG Logistics ("STG" or the "Company"), a leading provider of specialty 3PL services critical to the global supply chain and a portfolio company of Wi . Ascensus Specialties is a manufacturer of specialty chemicals. Powered by a Seasoned Team of Logistics Experts. Please check your spam or junk folder just in case Breeze Industrial Products designs and manufactures one of the world's most comprehensive lines of perforated worm-drive and T-Bolt/V-Band hose clamps. Before joining XPO, Jennifer spent 16 years with Lowes and last served as Regional Vice President of Stores. Our leadership team includes: Geoff Anderman Chief Financial Officer Bushnell Performance Optics specializes in sporting optics and outdoor products. For If you are a carrier, please submit your request through our Drive for Us contact form. The network features 48 locations, 11,000 containers, 2,200 tractors, and 5,200 chassis. 312-255-4812 | rliberman@wppartners.com. Geoff earned his BA from Washington University in St. Louis and his JD from the University of Southern California. Prior to his experience with Dicom, Geoff was the CFO/COO of Infinity Product Group, a leading importer and distributor of apparel, accessories and gifts and novelties to the mass, drug and discount retail channels. We are former entrepreneurs and business leaders who love helping companies reach their full potential. If you are a carrier, please submit your request through our Drive for Us contact form. Palmex is a leading manufacturer of snack pellets for the better-for-you and Hispanic snack segments. Have a data, software or analytics . Oaktree's Transportation Infrastructure Investing Group seeks to make investments in North American transportation assets, businesses and infrastructure, including airports, seaports and railroads, where it can pursue value-creation strategies geared towards sustainable growth. Harris Williams acted as M&A adviser to STG Logistics and Wind Point on the recapitalization of STG. Smart Care is a leading provider of refrigeration and commercial kitchen equipment services. Before joining the STGLogistics team, he was the Director of IT Operations for QualCare, a subsidiary of Cigna, a leading provider of health care services, responsible for EDI, infrastructure, operations and application platforms. Novolex manufactures flexible paper and plastic packaging products. He currently serves on the boards of American Trailer Rental Group (ATRG), a Wind Point Partners company, and RoadRunner Transportation Services, Inc. (RRTS), a public company. If there are any variations to shipment specifications or services required, the customer will be responsible for these changes. Not the case? Marshfield DoorSystems manufactures interior wood doors and door core. Quotes can only be guaranteed for 30 days on LTL Shipments. STG Logistics Joins CargoNet Cargo Theft Prevention and Recovery Network, Industry Leaders, Tim Nolan and Dan Gardner, Named to STG Logistics, Inc. York Label is a manufacturer of Pressure-Sensitive Labels. Petmate manufactures and markets durable pet products. Transaction adds to dealmaking run by XPO CEO Jacobs, Company also has been looking to sell European business. Please call 888-STG-DOOR (888-784-3667). Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. Downers Grove, Illinois Wind Point Media Contact: STG Logistics Media Contact: Ron Liberman, Wind Point Partners Anita-Marie Laurie, Sitrick and Company . Learn more. Acquired: April 2016Divested: August 2019. Disclaimer: All rates are based on customer provided information. Join Mergr and gain access to STG Logistics M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the transportation sector. Jennifer is responsible for all aspects of the overall customer experience, including management of customer relationships, management and mentorship of the global sales force, as well as development and implementation of strategic growth initiatives for STG Logistics across all platforms. Acquired: October 2022CEO: Steve Grinstead. STG - Symphony Technology Group. STG Logistics has acquired in 6 different US states. STG operates U.S. Customs Bonded, TSA certified, and International Free-Trade Zone facilities. Acquired: October 2012Divested: January 2015. For additional information, please visit Oaktree's website at http://www.oaktreecapital.com/. Acquired: August 1999Divested: August 2007. Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Raymond James acted M&A adviser to XPO Logistics. Paul is responsible for the strategic leadership of STG Logistics, working closely with the executive and management teams to oversee business planning, acquisition strategy, operations, sales initiatives, profitability, cash flow and other business goals and objectives. STG is a Silicon Valley (California) based private equity firm that has a long and successful track record of transforming high potential software and software-enabled services companies, as well as insights-oriented companies into definitive market leaders. Additional information about STG Logistics is available at www.stgusa.com. Ik breng een onderneming daarbij op het niveau van "Corporates" / Private Equity. Acquired: August 2021CEO: William McConnell, Vertex is the leading provider of forensic engineering, construction consulting and environmental services, Acquired: December 1999Divested: July 2011. Chicago, IL, July 25, 2016 - Wind Point Partners, a Chicago-based private equity firm, has partnered with logistics executives Chris Jamroz and Hessel Verhage to acquire St. George Logistics ("STG" or the "Company"). Get the full list, Youre viewing 5 of 11 investments. STG Logistics is a premier provider of import/export and value-added warehouse logistics services. Financial Consultant, Accounting and Finance, Financial Services, Financial Sales. Geoff holds a Juris Doctor from the University of Southern California, and a Bachelors in Political Science from Washington University in St. Louis. The Companys most targeted sectors include transportation (88%) and real estate (13%). Pestell Nutrition is a leading distributor of nutritional additives and ingredients for the animal nutrition and pet food industry. Since Wind Point's investment in 2016, STG has more than quadrupled in size through organic growth and 10 add-on acquisitions. Once combined, the STG network will be able to handle a container from the instant it's ready at a port or customer facility to the moment each individual shipment arrives at its final destination, all the while providing customers full visibility and a single source of accountability.". Immediately prior, Geoff served as President and Chief Financial Officer for STG Logistics since 2020. Fill out our contact form to find out how STG can tailor our integrated logistics solutions to fit your unique business needs. Any questions? Payment terms are net 30 days. Additional Insurance above $10,000 will be subject to a deductible. Jennifer is a business development and organizational effectiveness veteran with extensive leadership experience. Combination creates leading provider of port-to-door containerized logistics services. All Rights Reserved. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Geoff is in charge of day-to-day operations of Distribution, Drayage, Intermodal, Technology, Mexico and Procurement as well as executing the company's long-term goals for STG Logistics. [1] Its Chairman and CEO is Dr. Romesh Wadhwani, who founded the firm in 2002. She began her career in Store Leadership with multiple big box companies prior to joining Lowes. STG Logistics Acquires the Intermodal Division of XPO Logistics. Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. On January 1, 2012, growth capital firm Ironwood Capital, private equity firm Long Point Capital and private equity firm LongueVue Capital acquired transportation company STG Logistics. Nonnis produces specialty cookies and crackers. www.stgusa.com. There are still a lot of disruptions in the supply chain," said STG Logistics CEO Paul Svindland. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Illinois Transportation with Acquisitions, Illinois Transportation with Divestitures, Recently Acquired Transportation Companies, Recently Acquired United States Companies, M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Payment terms are net 30 days. 2023 PitchBook. Dicom is a leading provider of expedited transportation and logistics services. Randy spent the last 20 years in the logistics and technology fields serving as CFO or Chief Accounting Officer at a variety of private and publicly-traded companies, including Omni Logistics, EZE Trucking, and United Vision Logistics. Mr. DiDonato is responsible for STGLogistics technology strategy, operations, infrastructure, electronic data interchange (EDI), and development of their CFS, WMS, TMS and EFT management platforms. Advisory Board, STG Logistics Rebrands, Organizes Service Offerings for Extended Outsource Clients, STG Logistics Adds Board Member Farrukh Bezar, STG Logistics Reports Record Import Air Freight Handling in Compton, STG Logistics Handles First FEMA Charter of Medical Supplies, STG Logistics Welcomes Four New Vice Presidents to Sales Team, STG Logistics Acquires CFS Division of Arrowpac International, Protect yourself & your cargo with STG Shield, Arrowpac CFS Integrates into North Bergen operations, Meeting the congestion challenges in Southern California. Acquired: March 2007Divested: February 2012. 310-788-2850 | anitamarie@sitrick.com . Acquired: April 1999Divested: December 2004. Paul earned a BS degree from Syracuse University and an MBA from The Wharton School of the University of Pennsylvania. Geoff gained exceptional industry experience as Chief Strategy Ofcer of Dicom Transportation Group, and as CFO/COO of Innity Product Group, an omnichannel distribution importer. The Company's most targeted sectors include transportation (88%) and real estate (13%). Chicago, March 25, 2022 - STG Logistics ("STG") announced today that it has expanded its leading position in containerized logistics through the acquisition of the intermodal division of XPO Logistics, one of the largest providers of container transportation services in North America. Konrad Salaber, Managing Director at Wind Point, commented "We are thrilled to complete this initial stage of our journey with the team at STG and excited to have the opportunity to reinvest in the combined business as it embarks on its next phase of growth.
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