New Orleans (September 6, 2016) – LongueVue Capital (“LVC”), a New Orleans-based private equity firm, announced today the sale of St. George Logistics (“St. George”) to Wind Point Partners, a Chicago-based private equity firm.
St. George is the leading provider of container freight station services for ocean cargo imported into the United States. The company also provides a broad array of complementary logistics services, including distribution, value-add warehousing, air container freight stations, and expedited transportation services. St. George is headquartered in South Kearny, New Jersey, with additional facilities located in the nation’s largest ports and metropolitan areas, including Los Angeles, Houston, Chicago, Atlanta, Savannah, and Charleston, SC.
LVC partnered with private equity firms Long Point Capital in New York and Ironwood Capital in Avon, CT, in acquiring St. George. Over the course of the investment, the company established its leadership in the container freight station market and significantly grew its facility and service footprint. In addition, St. George attracted a highly talented management team capable of navigating the company’s next phase of growth and substantially improved its information technology, analytics and reporting, and sales and marketing functions.
"Acquiring a market leader in an attractive 3PL sector is a rare opportunity in the lower middle market," commented John McNamara, Co-Founder and Managing Partner of LongueVue Capital, “The St. George management team, led by Denis Reilly, consistently outperformed our expectations, transforming a solid business into an exceptional one over the course of our investment.” Rick Rees, Co-Founder and Managing Partner of LVC additionally commented, “We could not have been more pleased with our partnership with Long Point Capital, Ironwood Capital, and the St. George management team. We wish management and all of the St. George stakeholders continued success in the future.”
“LongueVue Capital, Long Point Capital, and Ironwood Capital were highly value-add partners in managing the opportunities and challenges that faced St. George ever since I joined the company in early 2013,” said Denis Reilly, President & Chief Executive Officer of St. George. He added, “Their board level leadership and strategic planning were instrumental in positioning St. George for tremendous growth and transforming our business into a market leading provider of quality, service, and technology.”
BB&T Capital Markets served as exclusive financial advisor to St. George in this transaction.
About LongueVue Capital:
Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 18-year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies. Having managed over $500 million of capital spanning three funds coupled with 150 years of combined operating and investing experience, our team is the ideal partner for middle market companies at inflection points and seeking to maximize value.
Our opportunistic investment strategy provides the flexibility to partner with attractive businesses across a variety of industries and situations, and we tailor transaction structures to meet the company and stakeholders’ objectives. While we are selective with our investment strategy, we target growth-oriented companies with scalable, sustainable business models and exceptional leadership teams.
Our proactive, hands-on approach enables us to be thoughtful stewards of our portfolio companies and trusted and dependable strategic partners to all stakeholders. Together with our entrepreneur and management team partners, we help create superior value for our portfolio companies and investors.
To learn more about LongueVue Capital, please visit our website at www.lvcpartners.com.
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LVC is headquartered in New Orleans and maintains an office in Park City, UT to help us provide national coverage for transaction sourcing and portfolio company support.
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