BeavEx has secured a growth equity investment from New York based private investment partnership Eos Partners and its affiliates. The equity investment will enable BeavEx to accelerate its business expansion activities. The company’s management team will continue to own a significant portion of the company. Financial details of the transaction were undisclosed.
BeavEx Incorporated (“BeavEx”) today announced a growth equity investment from Eos Partners, L.P. and its affiliates (“Eos”), a New York based private investment partnership with approximately $1.6 billion of capital under management. The equity investment will enable BeavEx to significantly accelerate its business expansion activities. The company’s management team will continue to own a significant portion of the company.
This investment will be used to provide funding for BeavEx growth initiatives ranging from acquisitions to organic growth opportunities with existing and new customers.
“Since its inception, BeavEx has become a leader in the local same-day, mission critical transportation services industry. Our success as a company is based on strong working relationships with our customers. We see a future of even stronger partnerships with our customers as we continue to offer more services and broaden our geographic network and market density,” states Mark Tuchmann, Chief Executive Officer of BeavEx.
The terms of the investment were not disclosed.
BeavEx Incorporated based in Atlanta, Georgia is a non-asset based provider of local route-based, same day transportation and logistics services, picking up and delivering mission critical packages for financial services, pharmaceutical, retail/distribution, clinical lab and critical parts customers across the United States.
Formed in 1994, Eos is a private investment partnership with approximately $1.6 billion of capital under management. In its private equity activities, Eos focuses on working closely with management teams and committing its understanding of strategic alternatives and the financial markets to help grow these businesses into larger scale enterprises.