Raymond Express International (REI) is an asset-light logistics service provider specializing in transportation services for temperature-sensitive products including fresh fruits and vegetables, meat, seafood, and medicine. The company primarily services military and commercial customers seeking to transport perishables from the West Coast of the United States to Asia. REI was founded in 1983 and has facilities in San Francisco (headquarters), Los Angeles, and Seattle (www.reiexpress.com).
“CEO Raymond Wong and EVP David Moore have built a world-class logistics provider which serves a critical role for REI’s military and commercial customers. We are thrilled to partner with them to continue the company’s strong growth and further expand REI’s market-leading solutions,” said Neil Tuch, a Managing Director at H.I.G. Capital.
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. Capital has more than $12 billion of equity capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Paris, and Rio de Janeiro (www.higcapital.com).
Enlightenment Capital invests senior debt, mezzanine debt, and minority equity in companies in the aerospace, defense, and government sectors. The firm is based in Chevy Chase, MD with an additional office in Arlington, VA (www.enlightencap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-3-13