McNally Capital and Coughlin Capital have acquired ITS Logistics. No financial terms were disclosed for the transaction that was done in partnership with ITS management. G2 Capital Advisors served as the sell-side advisor to ITS in the deal. Based in Sparks, Nevada, ITS is a provider of third-party logistics and supply chain management solutions.
Chicago, IL (PRWEB) February 26, 2015
McNally Capital, LLC announced today the acquisition of ITS Logistics (“ITS”), a leading provider of third party logistics and supply chain management services. ITS provides these services to a broad range of name brand and blue chip clients, primarily in the retail, eCommerce, food and beverage, and healthcare industries. McNally Capital was proud to complete this transaction in partnership with ITS’ management team and with Coughlin Capital, a family office with decades of experience in the logistics industry.
“We are excited to partner with ITS’ management team as they continue their impressive history of growth and expand their solid base of customer relationships,” said John Rompon, Managing Partner at McNally Capital. “Our partnership with the ITS management team is consistent with our strategy of collaborating with the owners and managers of high quality businesses to help them achieve their long term growth objectives. Similarly, our partnership with Coughlin Capital exemplifies our unique approach to partnering with family offices that have significant and relevant industry and operating expertise.”
McNally Capital and Coughlin Capital will support ITS’ co-founders – Jeff Lynch (CEO), Darryl Bader (COO), and Dan Allen (CFO) – as they continue to scale the organization to meet growing demand from existing and new customers. Brett Mitchell, Principal at McNally Capital, stated, “With so many of ITS’ current customers looking for ways to do incremental business with the company, we are excited to support management as they increase the depth and scope of the services they can provide these customers.” Following the transaction, Mr. Lynch, Mr. Bader and Mr. Allen will remain significant equity owners and will continue in their current roles as leaders of the company.
Joe Coughlin, Co-founder of Coughlin Capital, stated, “Management’s focus on designing and delivering customized logistics solutions, providing exceptional customer service, and achieving industry-leading results puts ITS in a strong position to take advantage of the growth in the third party logistics sector.”
“McNally Capital’s and Coughlin Capital’s experience in partnering with management teams to drive growth, along with their proven track record in third party logistics and outsourced business services, convinced us that they were the best partners to help grow our business over the long term,” said Jeff Lynch, ITS co-founder and CEO. “Both groups bring the type of experience and resources we need to expand our customer relationships, grow our internal organization, and enhance our position as a leader in the industry.”
About McNally Capital
McNally Capital is a Chicago-based merchant bank that partners with family offices and high net worth investors to make and manage direct private equity investments. It focuses its efforts on investments in private companies where it can provide strategic value beyond capital. McNally Capital’s strategy is to partner with world-class management teams and ensure that they receive the resources required to successfully execute their strategic plan. The firm maintains a network of more than 600 family offices in the United States and abroad with whom the firm partners in making direct private equity investments. For more information, please visit: http://www.mcnallycapital.com.
About Coughlin Capital
Coughlin Capital, LLC is a family-held private investment group with an emphasis on direct private equity investments in small and middle market companies. Coughlin Capital’s partners have substantial experience and expertise in logistics, transportation, international growth, operations and the development of scalable process-driven organizations. Coughlin Capital leverages its deep industry expertise and decades of proven success to make investments in companies where it can have a substantial impact on growth and operational excellence. For more information, please visit: http://www.coughlincapital.com.
About ITS Logistics, Inc.
ITS Logistics is a leading third party logistics company that helps companies distribute goods nationally and globally with superior performance. ITS delivers a variety of services in supply chain management, transportation, warehousing, brokerage logistics, and transportation management. For more information, please visit: http://www.its4logistics.com.
ITS was represented by G2 Capital Advisors as their exclusive sell side advisor in the transaction.