GenNx360 Capital Partners has acquired a minority stake in Syncreon, an Auburn Hills, Mich.-based provider of integrated logistics and supply chain solutions. No financial terms were disclosed.
GenNx360 Capital Partners, a private equity firm focused on industrial business-to-business companies with $250 million to $1 billion in revenues, announced today that it has acquired a minority stake in syncreon, a specialized provider of integrated logistics services and highly customized supply chain solutions to global industries. Financial terms of the transaction were not disclosed.
syncreon, with more than 8,000 employees and projected revenues this year of more than $600 million, is a privately-owned and profitable company headquartered in Auburn Hills, MI with offices in Dublin, Ireland and 11 other countries.
“syncreon has developed unrivaled asset-light supply chain expertise that can help global industrial companies significantly increase their operating efficiencies,” said Ronald Blaylock, a GenNx360 founding partner. “The company has considerable growth potential as it expands beyond its core base of automotive and technologies companies. We are looking forward to partnering with syncreon’s management to achieve its ambitious goals and objectives.”
For more information about syncreon, please visit: www.syncreon.com
About GenNx360 Capital Partners
New York-based GenNx360 Capital Partners is committed to delivering superior returns to investors in all its portfolio companies. The firm acquires companies with proven and sustainable business models in expanding industries and implements the required operating changes to deliver cost efficiencies and accelerated growth opportunities. The firm’s proven business methodology is based on more than 100 years of partner experience successfully running global businesses. For more information please visit, www.gennx360.com.
syncreon Holdings is a global contract logistics company that uses its asset-light business model, to provide specialized transportation, inbound, outbound, and consumer fulfillment logistics services. These services are fully integrated into their customers’ supply chain and final end-client delivery. Through an acquisition in March 2007, syncreon brought together two well regarded companies in their respective verticals, Walsh Western International (technology) and TDS Logistics.
syncreon is a global business headquartered in Auburn Hills, MI, with activities in 12 countries, in over 50 facilities and approximately 8,000 employees.