McNally Capital has acquired ITS Logistics, a provider of third party logistics and supply chain management services. The management team of ITS and Coughlin Capital, a family office with experience investing in the logistics industry, co-invested alongside McNally Capital.
ITS Logistics provides supply chain management, transportation, warehousing, brokerage logistics, and transportation management to companies that are active in the retail, eCommerce, food and beverage, and healthcare industries. The company was co-founded by Jeff Lynch (CEO), Darryl Bader (COO), and Dan Allen (CFO) in 1999. Mr. Lynch, Mr. Bader and Mr. Allen are significant equity owners in ITS and will continue in their current roles at the company. ITS Logistics is based in Sparks, NV (www.its4logistics.com).
“We are excited to partner with ITS’ management team as they continue their impressive history of growth and expand their solid base of customer relationships,” said John Rompon, Managing Partner at McNally Capital. “Our partnership with the ITS management team is consistent with our strategy of collaborating with the owners and managers of high quality businesses to help them achieve their long term growth objectives.
McNally Capital works with family offices to help them make and manage their investments in private companies and private equity funds. The firm also acts as a principal investor and can partner with high net worth family offices to invest in companies with EBITDA’s from $2 million to $25 million. Sectors of interest include industrials, food, packaging, distribution, logistics, consumer and healthcare. McNally Capital is based in Chicago (www.mcnallycapital.com).
“Our partnership with Coughlin Capital in this transaction is an example of our approach to partnering with family offices that have significant and relevant industry and operating expertise,” said Mr. Rompon. Coughlin Capital is a family-held private investment group with an emphasis on direct investments in small and middle market companies that have revenues from $2 million to $30 million and EBITDA from $1 million to $3 million. The firm specializes in logistics, transportation, international growth, operations and the development of scalable process-driven organizations. Coughlin Capital is headquartered in San Rafael, CA (www.coughlincapital.com).
“Management’s focus on designing and delivering customized logistics solutions, providing exceptional customer service, and achieving industry-leading results puts ITS in a strong position to take advantage of the growth in the third party logistics sector,” said Joe Coughlin, Co-founder of Coughlin Capital.
G2 Capital Advisors (www.g2capitaladvisors.com) was the exclusive sell side advisor to ITS Logistics.
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-26-15