CI Capital Partners has formed a partnership with ex-Hub Group President and Chief Operating Officer Mark Yeager. They will target transportation and logistics companies for investments.
New York, NY – August 8, 2016 – CI Capital Partners, a New York-based private equity firm, announced today that it has formed a partnership with Mark Yeager, the former President and Chief Operating Officer of Hub Group, to pursue a platform company investment in the transportation and logistics sector.
Mr. Yeager brings to this partnership significant operational experience in the logistics industry. Most recently, Mr. Yeager served as President and Chief Operating Officer of Hub Group, a leading transportation management company offering intermodal, brokerage and logistics services. In total, Mr. Yeager spent 23 years at Hub Group, serving in various roles including General Counsel, Division President, and President of Field Operations, prior to becoming Chief Operating Officer in 2004 and President in 2005.
CI Capital and Mr. Yeager will pursue investment opportunities in the fragmented transportation and logistics sector targeting companies with differentiated capabilities and industry-leading management teams that can act as effective consolidators. CI Capital has previously invested in Transplace, a leading third party logistics provider, and numerous companies in the distribution sector.
“I am pleased to announce this new partnership with CI Capital,” said Mr. Yeager. “I believe that now is an attractive time to pursue a platform company investment in the logistics industry, given continued outsourcing by shippers and the dynamic capacity environment. CI Capital’s experience in the logistics industry, coupled with its commitment to and history of supporting management teams to build bigger businesses through numerous add-on acquisitions and other growth initiatives, made the firm an ideal partner.”
Joost Thesseling, Managing Director at CI Capital said, “We are thrilled to have the opportunity to form a partnership with Mark Yeager, who has an impressive track record in the logistics industry.”
About CI Capital Partners
CI Capital Partners LLC, a leading North American private equity firm with $1.9 billion in assets under management, has been investing in middle-market companies since 1993. Since inception, CI Capital and its portfolio companies have made over 190 acquisitions representing approximately $8 billion in enterprise value. CI Capital’s existing portfolio consists of companies that collectively generate annual revenue of over $2.5 billion and annual EBITDA of approximately $300 million and employ over 9,000 people.