Leading Ridge Capital Partners said Tuesday that it has recapped The Supply Source. Financial terms weren’t announced. Jacksonville, Fla.-based Supply Source distributes packaging and shipping products, labels, and janitorial supplies. Leading Ridge, of Rockville, Md., is a PE firm.
Leading Ridge Capital Partners, LLC, is pleased to announce its recapitalization of The Supply Source, LLC. Headquartered in Jacksonville, Fl., The Supply Source (TSS) specializes in supply chain management and distribution, providing its customers operational efficiencies through a single-source supply offering. The “one-stop shop” distributes packaging and shipping products, labels, janitorial supplies and other non-resale operational items used by a growing base of top-tier customers across the retail, food manufacturing and healthcare sectors. Services provided by The Supply Source result in price stability and consistency across branches, consolidation of vendors, improved fill rates, consistent quality, overall cost savings and increased profits for its customers.
Rob Stursberg, president and founder of TSS will be responsible for leading its growth as the company looks to expand upon its already broad selection of products and service offerings.
“When my management team and I looked at the future of The Supply Source, we knew the opportunities for expanding the breadth and depth of our products and services were tremendous,” stated Stursberg. “I am optimistic for the future of the company and have high expectations that this partnership will enhance our value proposition to our customers.”
“We are very excited to have consummated this transaction,” said Zach Coopersmith, a partner of Leading Ridge. “TSS is an excellent company with a unique, scalable business model. A quality base of category-leading customers, dedication to superior levels of customer service, long-standing industry relationships and a strong senior management team led by Mr. Stursberg are all things that attracted us to TSS.”
“Our team’s past operating experiences lent us great confidence in our ability to work with existing management to expand the regional TSS platform into one that is national in scope,” asserted Robert Mayn, a partner of Leading Ridge. “There is a very large addressable market that can benefit from the company’s consultative distribution approach. The opportunity to systematically pursue customers in new geographies and end-markets is exciting.”
“By recapitalizing now, The Supply Source has strengthened its position within the marketplace and ensured it has the funds and expertise necessary for the company to expand operations and better serve its customers coast-to-coast,” said Michael W. Poole, an investment banker with PCE Investment Bankers.
About The Supply Source, LLC:
The Supply Source, LLC (www.thesupplysource.com), a specialist in supply chain management, provides operational efficiencies for customers in multiple industries. With distribution centers in Florida, Georgia, New Jersey, California and Nebraska, The Supply Source offers tailored distribution of non-resale operational items for companies and offers customized online ordering systems for perpetual inventory management. Its proprietary ordering and inventory management system ensures customer satisfaction and establishes long term relationships with its clients. Products and services provided include specialty printing capabilities, packaging and safety materials and value-added delivery and distribution.
About Leading Ridge Capital Partners, LLC:
Leading Ridge, LLC (www.leadingridge.com) is a private equity firm specializing in acquisitions, recapitalizations, and investments in value-added distribution, logistics, and light manufacturing companies with EBITDA of $1-5 million as well as select turnaround opportunities. Leading Ridge is comprised of a successful team of former executives with a broad array of business experience within the distribution and manufacturing sectors. The team possesses significant operational resources and the leadership experience needed to support rapid yet controlled growth of its portfolio companies.
Leading Ridge’s other portfolio companies and exits include Damage Recovery Systems, LLC, a leading provider of returned goods management services for food and consumer packaged goods (CPG) manufacturers, Marjack Company, Inc., a distributor of candy, snack items, and specialty products nationwide to the entertainment and big box retail trades and Great Western, LLC, a manufacturer and master distributor of food and non-food products for the entertainment industry.
About PCE Investment Bankers, Inc.:
PCE Investment Bankers (www.pcecompanies.com) is a leading investment bank for middle-market companies, offering clients a full range of investment banking services including mergers and acquisitions, ESOPs, business valuations, litigation support, growth capital options, fairness opinions, advisory planning, research and stock-index services. PCE is experienced in all market sectors and has established several specialty practice areas, including Consumer, Diversified Industrial – Infrastructure & Power, HealthCare, Construction & Building Products, Manufacturing, and Food. PCE Investment Bankers is a member of FINRA and SIPC. PCE has offices in Winter Park and Tampa, Fl.