Littlejohn & Co. has completed a significant equity investment in Newgistics, a provider of e-commerce retail services. Newgistics will continue to operate as an independent entity and the executive and management team will remain in place.
Newgistics is a provider of end-to-end e-commerce services to retailers and brands. Services include order fulfillment, parcel delivery and returns management. The company was founded in 1999 and is based in Austin, TX (www.newgistics.com).
“Strong growth in online consumer purchases has made outsourced providers of logistics services a key component of the shopping experience, and Newgistics is a leader in this growing category,” said Edmund Feeley, Managing Director at Littlejohn. “With its strong technology platform, customer service, and management team in place, we look forward to partnering with them to grow this platform investment.”
Littlejohn & Co. makes control and non-control investments in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth. The firm is currently investing from Littlejohn Fund IV which has over $1.3 billion in capital commitments. Littlejohn & Co. is based in Greenwich, CT (www.littlejohnllc.com).
“The investment by Littlejohn & Co. aligns with Newgistics’ long-term corporate strategy and plans for continued growth,” said Bill Razzouk, Chairman and CEO of Newgistics. “It’s a win-win for both Newgistics and our customers.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-12-13
