Post Capital Partners-backed Smith Transportation Services appointed Jonathan Adams as chief executive officer. Adams previously led the transportation and logistics advisory teams at Houlihan Lokey, Sterne Agee & Leach and Deloitte.
Smith Transportation Services, LLC, a national full-service third-party logistics & asset-light transportation services provider, and a portfolio company of Post Capital Partners, is excited to announce the appointment of Jonathan Adams to its industry-leading management team as Chief Executive Officer.
Mr. Adams has spent his entire 25-year career in the Transportation & Logistics industry as an investment banker, strategic advisor, board member, operational leader, and consultant. He has previously led the Transportation & Logistics Advisory Teams at Houlihan Lokey, Sterne Agee & Leach, and Deloitte. Adams also served as President & Chief Executive Officer of SeaCo Ltd where he led the company from bankruptcy in 2009 until its sale in 2011 to HNA Group of China, in a transaction that crystallized highly attractive returns for its investors.
“After a thorough search, we are thrilled to find someone of Jonathan’s energy, skills and experience to lead Smith Transportation,” commented Sam Woodward, an Executive Partner of Post Capital and a Board Member and advisor to Smith Transportation. “Jonathan combines outstanding leadership skills with a deep strategic understanding of the transportation and logistics industry and an impressive network of partner relationships built over a 25-year career working with and advising some of the world’s leading transportation & logistics companies. We are excited to have him at the helm of Smith Transportation.”
Michael Pfeffer, Managing Director of Post Capital Partners, added, “Post Capital’s Executive First strategy is all about combining world class talent with high growth-potential companies. In the case of Smith Transportation, we worked with Sam, a seasoned transportation executive with over 30 years’ industry experience, to identify and acquire Smith Transportation in September 2018 in partnership with its existing management team, led by President and COO Steve Smith. We are confident that adding an executive with Jonathan’s background and experience will accelerate the growth we are experiencing at Smith Transportation and further enhance the returns to our investors. We are excited to welcome him to the team.”
Adams commented, “The Covid-19 pandemic has added even greater pressure to shippers who were already struggling to meet the requirements of today’s eCommerce customers, including faster delivery, lower costs and greater shipment visibility. Smith Transportation’s highly innovative freight consolidation model creates incredible efficiencies for its customers by combining multiple pallet load shipments at its terminal facilities in New York/New Jersey, Southern California and Florida into full truckload shipments that can then be shipped across the USA at both faster and at significantly lower costs than traditional Less-than-Truckload shipments. I am very excited by the potential of Smith Transportation and really excited by the opportunity to contribute to its future success.”
About Smith Transportation Services, LLC
Smith Transportation Services, LLC, headquartered in Tampa, Florida, is a national full-service third-party logistics & asset-light transportation services provider. It currently offers its most prominent service, Load-to-Ride, on an outbound basis from Miami, Tampa, Southern California and the New York Metro Area, as well as truckload, LTL and rail/intermodal brokerage services nationally. The company maintains an extensive database of longstanding carrier relationships, including exclusive relationships with dedicated owner operators, which help it to execute on its customer-service centric focus. The Company’s customer base spans shippers across a wide range of industries throughout North America. To learn more about Smith Transportation visit www.smith-cargo.com.
About Post Capital Partners
Post Capital Partners (http://www.postcp.com) is a private investment firm that makes both minority growth and control investments in businesses with repeat or recurring revenue models. Post Capital primarily employs an “Executive-First” deal sourcing and investment strategy in which it first identifies and partners with talented senior operating executives and then works proactively with those “Executive Partners” to identify investments. In addition to “Executive-First” platform searches, Post Capital also pursues management buyouts and growth capital investments. Based in New York City, Post Capital invests a committed capital fund with top-tier institutional and sophisticated private investors.