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Capstone Logistics Acquires Chicago-based 3PL LoadDelivered Logistics

 

CHICAGO, IL — June 12, 2018 — LoadDelivered, a leading food and beverage specialized third-party logistics (3PL) firm, announced today that it has been acquired by Capstone Logistics, a leading provider of outsourced supply chain solutions to distribution centers in the grocery, foodservice, retail, and other industries. LoadDelivered will retain its distinct brand, culture, and independence. The partnership will support strategic growth for both companies as they work toward providing a holistic supply chain solution to their customers through the convergence of service, data, and technology.  

“We are proud to join forces with Capstone, the undisputed leader in performance workgroup solutions for distribution and manufacturing,” said Robert Nathan, CEO of LoadDelivered. “The partnership will allow us to continue to strategically invest in internal operations, build differentiated solutions and progressive technology for our customers, and be a 3PL of choice for our carriers. We’re excited to scale our business to the next level, and I look forward to what’s ahead.”

“We are extremely impressed with what the LoadDelivered team has accomplished in building a top-notch logistics operation for their network of national customers and carriers,” said Steve Taylor, CEO of Capstone Logistics. “This acquisition presents a transformational opportunity for both organizations as we take a quantum leap toward providing increasingly comprehensive supply chain solutions.”

Capstone is currently owned by The Resolute Fund III, L.P., a private equity fund managed by The Jordan Company (TJC).  TJC has managed funds with original capital commitments in excess of $11 billion since 1987, with a track record of investing in and contributing to the growth of businesses across the transportation and logistics industries.

In 2018, LoadDelivered was named a Top 50 Freight Brokerage Firm based on net revenue by Transport Topics. In addition, LoadDelivered has been recognized by Food Logistics as both a Top 3PL & Cold Storage Provider and a Top Software & Technology provider, included on the Crain’s Fast 50 list of fastest-growing companies in Chicago, and named an Inc. 5000 fastest-growing private firm in America.

Republic Partners and Horwood Marcus & Berk Chartered served as advisers to LoadDelivered on this transaction. Kirkland & Ellis LLP served as advisers to Capstone.

About LoadDelivered

LoadDelivered is a third-party logistics (3PL) company committed to providing unmatched service for their food chain customers. Founded in 2008, LoadDelivered is one of the fastest-growing 3PLs in North America. Through continuous innovation, hyper-specialized solutions, and an agile team that’s motivated to adapt to their customers’ evolving needs, LoadDelivered has earned the trust of national customers and carriers ranging from Fortune 100 companies to small distribution networks. For more information, visit www.loaddelivered.com.

About Capstone Logistics, LLC

Capstone Logistics, LLC is a third-party logistics company offering technology-enhanced labor solutions for the full spectrum of supply chain activities. Capstone is a market leader in its industry and delivers service and value to its customers through innovative solutions. Founded in 1986 and headquartered in Atlanta, Capstone operates in 350 locations spanning 44 states, servicing customers in grocery, foodservice and retail end markets.  

About The Jordan Company, L.P.

TJC (www.thejordancompany.com), 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 35-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Industrials, Transportation & Logistics, Healthcare & Consumer, and Telecom, Technology & Utility. The senior investment team has been investing together for over 20 years and it 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.