Acquired: September 1998Divested: March 2000. ", "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. Win whats next. Amware increased revenue from $47 million to nearly $200 million in 2022 through . 310-788-2850 | anitamarie@sitrick.com . Before joining XPO, Jennifer spent 16 years with Lowes and last served as Regional Vice President of Stores. Disclaimer: All rates are based on customer provided information. 2023 STG Logistics. 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. All Truck Load rates must be confirmed at the time of booking. STG is expected to be the first acquisition in the development of a leading logistics platform providing import/export and value-added warehousing and distribution services to this core client base. STG Logistics was born out of a series of strategic acquisitions of leading logistics services companies including St. George Logistics, AZ CFS, Extra Express, Channel Distribution, NeutraLogistics, Freight Force and Summit NW. For 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. Added Jared Parker, Managing Director of Oaktree's Global Opportunities strategy, "The investment in highly defensible containerized logistics and intermodal infrastructure is highly consistent with our thesis around the evolution of the U.S. supply chain. He brings with him extensive experience in M&A, corporate and technical accounting and capital markets. 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 ("STG" or the "Company"), a leading provider of specialty 3PL services critical to the global supply chain and a portfolio company of Wi . Since Wind Point's investment in 2016, STG has more than quadrupled in size through organic growth and 10 add-on acquisitions. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. STG Logistics is based in Downers Grove, Illinois. It has amassed North America's largest independent network of container freight service facilities, along with extensive contract logistics capabilities, through acquisition. AIR-Serv Group is a leader in the tire inflation and vacuum vending industries. ", 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. Mr. DiDonato, has a M.S. Strategic and tactical support for attracting, acquiring and sustaining talent and creating productive offshore teams. Pestell Nutrition is a leading distributor of nutritional additives and ingredients for the animal nutrition and pet food industry. Have a data, software or analytics venture that needs a investment partner? PrivacyPolicy IntermodalPrivacyPolicy Terms&Conditions. All Rights Reserved. Geoff earned his BA from Washington University in St. Louis and his JD from the University of Southern California. here to register, Not for publication, email or dissemination, Whitehorse Liquidity Partners grows team to 150 professionals, PE-backed Chartbeat acquires Lineup Systems and Tubular Labs, Industrial manufacturing round-up; Personal care products; 2023 Women in PE, EQT and PSP team up on Radius acquisition; Charlesbanks Caitlin Riederer talks women in PE, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Fengate Private Equity-backed Inflector snaps up Donalco, Audax-backed Colony acquires New South Construction Supply. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. KPMG and PWC provided transaction advisory services on the transaction. Payment terms are net 30 days. Advanced Technology. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Downers Grove, Illinois Get the full list, Youre viewing 5 of 6 board members. 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. "The demand to move goods is greater than the supply of capacity out there., You should only be asked to sign in once. [1] Its Chairman and CEO is Dr. Romesh Wadhwani, who founded the firm in 2002. 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. 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. Deutsche Bank Securities Inc. acted as M&A adviser to STG Logistics and Oaktree on STG's acquisition of XPO's intermodal division. Disclaimer: All rates are based on customer provided information. A link has been emailed to you - check your inbox. Wind Point focuses on partnering with top . 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. Additional information about STG Logistics is available at www.stgusa.com. Please refer to Insurance Certificate for details. Chase joined STG from Celadon Group, Inc. where he served as the Executive Vice President and General Counsel. 312-255-4812 | rliberman@wppartners.com. Wind Point Media Contact: STG Logistics Media Contact: Ron Liberman, Wind Point Partners Anita-Marie Laurie, Sitrick and Company . Kleinfelder Group is a leading multidisciplinary engineering firm. If there are any variations to shipment specifications or services required, the customer will be responsible for these changes. 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. Argotec is a manufacturer of specialty polyurethane films and sheet. Stir Foods is a leading manufacturer of custom soups, sauces, dressings, and fresh salsas. Any questions? from 8 AM - 9 PM ET. 2001 Butterfield Rd, Suite 1010, Get the full list, Youre viewing 5 of 11 investments. Raymond James acted M&A adviser to XPO Logistics. We have just sent you an email so you can verify your account. STG Logistics is based in Downers Grove, Illinois. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. Paul spent his early years with Maersk. Vision Ease is a global manufacturer of branded corrective ophthalmic lenses. July 27, 2016. Wind Point Partners, a Chicago-based private equity firm, has partnered with logistics executives Chris Jamroz and Hessel Verhage to . The firm has over 1,000 employees and offices in 20 cities worldwide. If you are a carrier, please submit your request through our Drive for Us contact form. Current STG COO Todd Larson will lead the legacy STG operations as EVP of STG and COO of STG's Distribution segment, and Paul Smith, formerly President of XPO's intermodal division, will lead STG's intermodal operations as EVP of STG and COO of STG Intermodal. 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. Additional Insurance above $10,000 will be subject to a deductible. Acquired: April 2021CEO: Henry Lees-Buckley. Base insurance coverage is $10,000 with zero deductible. Additional Insurance above $10,000 will be subject to a deductible. PrivacyPolicy IntermodalPrivacyPolicy Terms&Conditions. Acquired: May 2007Divested: September 2021. 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. Any questions? growth-oriented private equity . "We are combining STG's leading position in facility-based container logistics with XPO Intermodal's leading position in container transport, creating a platform with unparalleled capabilities. 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With a network of 28 multipurpose technology-enabled facilities, over 60 partner locations, and numerous transportation partners, STG provides its customers with one of the most expansive containerized logistics solutions in North America. All Truck Load rates must be confirmed at the time of booking. 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. Please call 888-STG-DOOR (888-784-3667). Menlo Park, California, United States. She began her career in Store Leadership with multiple big box companies prior to joining Lowes. "I could not be more excited about this game-changing acquisition," said Mr. Svindland. Please check your spam or junk folder just in case Additional information about STG Logistics is available at www.stgusa.com. Currently, he serves on the Rutgers University's Big Data board as an advisory member to develop the university's program that focuses on building customer experiences that are unique and valuable in their marketplace. 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.
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