Headhaul Capital Partners LLC and Argosy Capital have acquired St. Paul, Minnesota-based Anderson Cargo Services LLC, a third-party logistics firm. No financial terms were disclosed.
ST. PAUL, Minn., Oct. 24, 2018 /PRNewswire/ — Headhaul Capital Partners LLC and Argosy Capital announced today the acquisition of Anderson Cargo Services, LLC (“ACS”) in partnership with the existing management team. Anderson Cargo Services is a niche third-party logistics (3PL) firm that provides highly-customized logistics solutions to the healthcare, financial services, technology and home delivery industries. The Company’s broad suite of services includes domestic freight management, truckload and LTL brokerage, value-added warehousing and fulfillment services, international forwarding, first mile/last mile/white glove services, trade show management and expedited movements.
“We are excited to have partnered with Headhaul Capital and Argosy to acquire Anderson Cargo Services from its founders, Brian and Kathy Anderson,” stated Robert Masters, Chief Executive Officer of ACS. “The management team and I are committed to continuing the high level of service and responsiveness our customers have come to expect from Anderson Cargo.”
“Kathy and I wanted to thank all of our customers and staff who have enabled us to create and build ACS into an excellent logistics company since we founded the firm 29 years ago,” stated Brian Anderson, ACS’s founder. “I am looking forward to working with Robert to continue to expand and grow the company.”
“We have been impressed with the company’s strong dedication to providing customized and creative logistics solutions to its customers,” stated Seth Wilson, Headhaul Capital’s Managing Partner. “This creativity is especially important in the industries Anderson Cargo serves, including healthcare and technology, where supply chain requirements continue to evolve rapidly.”
ACS operates under the Anderson Cargo Services name as well as specialized brands DataTrec and Allegro Home Delivery. DataTrec provides unique turnkey logistics and transportation services with specialized equipment for data center relocations. Allegro Home Delivery is a high-speed provider of home delivery services including last-mile, nationwide transport, advanced exchange/reverse logistics and assembly services.
About Anderson Cargo Services, LLC
The Company, based in St. Paul, MN, is a niche, non-asset based third-party logistics (3PL) firm that provides highly-customized logistics solutions to the healthcare, financial services, technology and home delivery industries. The Company focuses on transportation management for freight which has unique characteristics that require customized, secure and time-dependent solutions such as (1) highly sensitive, confidential or regulated materials (e.g., HIPAA, Protected Health Information (PHI) and Personally Identifiable Information (PII)), (2) products that require white glove, inside delivery and installation (furniture, fitness equipment, computers), (3) high-value and mission critical products (servers and data center relocation) and (4) freight related to special projects (trade shows, healthcare bid packages and enrollment road shows). The Company provides its services through a network of third-party carriers operating under their own authority. Their broad suite of services includes domestic freight management, truckload and LTL brokerage, value-added warehousing and fulfillment services, international forwarding, first mile/last mile/white glove services, trade show management and expedited movements. Visit www.andersoncargo.com.
About Headhaul Capital Partners LLC
Headhaul Capital Partners LLC is a New York-based middle market private equity firm focused on acquiring and building businesses in the transportation, logistics & distribution industries. The Managing Partners have extensive private equity and operating experience with an average of 20 years of experience specifically in our focus industries. This longstanding history of specialization and particular capabilities in these industries offers senior executives a unique opportunity to partner with an investment team that works to create value through a proven combination of an in-depth understanding of niche-trends, experience in delivering operational efficiency, debt and equity capital markets knowledge, and execution of strategic and acquisition driven growth initiatives. Visit www.headhaulcapital.com.
About Argosy Capital
Argosy Capital manages $1.2 billion and, since its formation in 1990, has focused on investments in the lower middle market. Argosy Capital invests through three distinct and separately staffed asset divisions: Argosy Private Equity, Argosy Real Estate Partners and Argosy Credit Partners. www.argosycapital.com.