Longshore divests Eclipse Advantage to Two Sigma Impact

Longshore Capital Partners has sold Eclipse Advantage to Two Sigma Impact.

Longshore Capital Partners has sold Eclipse Advantage to Two Sigma Impact. No financial terms were disclosed. Based in Melbourne, Florida, Eclipse is a specialized warehouse labor management company focused on the retail, food and grocery end markets.

PRESS RELEASE

Longshore Capital Partners (“Longshore”) is pleased to announce the sale of its portfolio company, Eclipse Advantage (“Eclipse” or the “Company”), to Two Sigma Impact, the impact investing business of Two Sigma. Eclipse, headquartered in Melbourne, FL, is a leading specialized warehouse labor management company focused on the Retail, Food, and Grocery end markets.

Eclipse’s CEO, Peter Westermann, commented, “We have enjoyed our working relationship with the Longshore team as they supported our growth strategy and gave us the tools to execute and achieve a positive outcome for all involved.”

Under Longshore’s ownership, Eclipse implemented cross-selling strategies to drive topline growth, completed a strategic acquisition, enhanced productivity, and built out its human capital infrastructure. “Over the course of our investment period Longshore and Eclipse worked closely to establish and execute on a successful value creation plan,” commented Nick Christopher, Partner at Longshore. “I am proud of what we accomplished together and look forward to the continued success of the Company and management team.”
Citizens M&A Advisory served as exclusive financial advisor to Eclipse.

About Longshore Capital Partners
Longshore Capital Partners is a middle-market private equity manager investing out of its inaugural $210 million fund. Longshore acquires control positions in services businesses in North America with $5 to $15 million of EBITDA. The firm has extensive experience partnering with founders and management teams in the lower middle-market and executes a systematic approach to creating shareholder value through a cooperative strategic plan.