Dot Family Holdings, the Tracy Family‘s investment office, has acquired St. Louis, Missouri-based TAGG Logistics, an ecommerce fulfillment platform. No financial terms were disclosed.
ST. LOUIS, MISSOURI (AUGUST 21, 2018) – Dot Family Holdings, the investment office of the Tracy Family, owners and operators Dot Foods, the largest food industry redistributor in North America, is pleased to announce its recent acquisition of TAGG Logistics.
TAGG is an e-commerce fulfillment platform headquartered in St. Louis, Missouri. Dot Family Holdings (DFH) will provide oversight and governance of the company, while TAGG’s current leadership team continues to manage operations.
TAGG was founded in 2006 by Tod Yazdi and Gary Patterson and today offers nationwide B2B and B2C e-commerce fulfillment, along with distribution and packaging services. In addition to the St. Louis headquarters, the company has four facilities in Reno, Nevada, and one in the Philadelphia, Pennsylvania, area. TAGG employs 140 people.
“E-commerce is a rapidly growing industry where we see great opportunity,” said Heath Hunter, Vice President – Corporate Development of Dot Family Holdings. “TAGG is a successful and growing business and is a great fit within DFH’s portfolio of companies. For now, it will be business as usual at TAGG, but there is the potential for collaboration between Dot Foods and TAGG down the road.”
“Dot Family Holdings’ business experience and resources complement TAGG,” added Yazdi, TAGG’s CEO. “Dot has extensive experience in logistics and distribution, and our new partners bring a lot of resources and expertise that will help TAGG continue to grow.”
DFH specializes in distribution-related opportunities and is focused on reinvesting in businesses, building long-term value, and driving sustainable growth. Other DFH companies include Grabber Construction Products, Reliable Parts, and Triad Technologies. For more information visit DotFamilyHoldings.com.