Harris Williams Advises Capstone Logistics, LLC on its Pending Sale to H.I.G. Capital
October 21 2020 - 3:11PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising Capstone
Logistics, LLC (Capstone), a portfolio company of The Jordan
Company (TJC), on its pending sale to an affiliate of H.I.G.
Capital (H.I.G.). Capstone is a leading provider of outsourced
supply chain solutions at nationwide distribution centers catering
primarily to the grocery, food service and retail industries. The
transaction is being led by Frank Mountcastle, Jason Bass, Jeff
Kidd, Jonathan Meredith and Justin Icardo of the Harris Williams
Transportation & Logistics (T&L) Group.
“Having worked with Capstone previously, we are thrilled to have
had another opportunity to work with CEO Steve Taylor, the Capstone
management team and TJC on this transaction,” said Frank
Mountcastle, a managing director at Harris Williams. “We look
forward to seeing what the company will accomplish with its new
partner, H.I.G., and are excited for Capstone’s next chapter.”
“This transaction illustrates the strong market interest in
third-party logistics platforms of scale with best-in-class,
data-driven solutions solving increasingly complex supply chain
challenges for blue-chip clients in resilient end markets,” said
Jason Bass, a managing director at Harris Williams.
Capstone is a third-party logistics company offering
technology-enhanced labor solutions for the full spectrum of supply
chain activities. The company is a market leader in its industry
and delivers service and value to its customers through innovative
solutions across its integrated warehouse services, freight
management, last-mile delivery, reverse logistics and related
payment processing offerings. Founded in 1986 and headquartered in
Peachtree Corners, Georgia, Capstone serves its partner base at
over 560 locations with operations in 49 U.S. states, Canada and
Australia. Its partners are primarily focused in the grocery, food
service, discount retail, CPG and drug retail end markets.
TJC, founded in 1982, is a middle market private equity firm
that has managed funds with original capital commitments in excess
of $11 billion since 1987 and a 38-year track record of investing
in and contributing to the growth of many businesses across a wide
range of industries including industrials; transportation and
logistics; healthcare and consumer; and telecom, technology and
utility. The senior investment team has been investing together for
over 20 years and is supported by the Operations Management Group,
which was established in 1988 to initiate and support operational
improvements in portfolio companies. Headquartered in New York, TJC
also has an office in Chicago.
H.I.G. is a leading global private equity and alternative assets
investment firm with over $40 billion of equity capital under
management. Based in Miami, and with offices in New York; Boston;
Chicago; Dallas; Los Angeles; San Francisco; and Atlanta in the
United States, as well as international affiliate offices in
London; Hamburg, Germany; Madrid; Milan; Paris; Bogotá, Colombia;
Rio de Janeiro; and São Paulo, H.I.G. specializes in providing both
debt and equity capital to small and mid-sized companies, utilizing
a flexible and operationally focused/value-added approach. Since
its founding in 1993, H.I.G. has invested in and managed more than
300 companies worldwide. The firm's current portfolio includes more
than 100 companies with combined sales in excess of $30
billion.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams T&L Group serves companies in a broad
range of attractive niches, including third-party logistics (3PL),
automotive and heavy duty vehicle, transportation equipment, and
truck, rail, marine and air transportation. For more information on
the firm’s T&L Group and other recent transactions, visit the
T&L Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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