Eos recaps LEGACY

Eos has recapitalized LEGACY Supply Chin Services, a provider of customized, high-service 3PL solutions. No financial terms were disclosed.

PRESS RELEASE

RENO, Nev., Nov. 20, 2018 /PRNewswire/ — LEGACY Supply Chain Services (“LEGACY” or the “Company”) today announced it has completed a recapitalization with Eos, a New York-based private investment firm, in a deal which closed on October 26th. The transaction included a significant equity investment which will strengthen the balance sheet in support of LEGACY’s aggressive growth agenda.

“Rapid shifts in the supply chain are creating opportunities for LEGACY to add value for our clients in new and innovative ways,” said Mike Glodziak, President and CEO of LEGACY. “Eos is familiar with these market dynamics based on their logistics experience and shares the same level of excitement for the opportunities they present. While maintaining LEGACY’s steadfast dedication to superior service, this investment will help extend our leadership position in the growing eCommerce fulfillment & omni-channel distribution space, while also supporting an expansion of services within our core offerings of value-added warehousing, dedicated fleet, and transportation brokerage.”

Trey Lee, a Principal at Eos added, “We are thrilled to join Mike and the entire LEGACY team. The Company has an impressive history of consistently delivering critical supply chain services to the highest of standards, all for some of the most demanding customers. The Company’s growth plan is compelling, and we look forward to the journey.”

About LEGACY Supply Chain Services
For nearly 40 years, LEGACY Supply Chain Services has been a dedicated logistics partner to our clients across the U.S. and Canada. We provide customized, high-service 3PL solutions including warehousing & distribution, e-commerce fulfillment, transportation brokerage and dedicated fleet. We specialize in solving complex logistics challenges for clients with dynamic supply chains – including retailers, manufacturers of consumer and industrial goods, and distributors & wholesalers. For more information, please visit www.LEGACYscs.com.

About Eos
Formed in 1994, Eos is a private investment firm which invests alongside outstanding managers in growing companies. 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, leading enterprises. For more information, please visit www.eospartners.com.