NexPhase Capital, LP (NPC or NexPhase) today announced its acquisition of American Global Logistics, LLC (AGL or the Company).
Terms of the investment were not disclosed.
Headquartered in Atlanta, GA, AGL specializes in customized logistics solutions and offers end-to-end ocean and air transportation along with documentation, information management and deployment.
Chad Rosenberg, Chief Executive Officer of AGL, said, ”We are pleased to be entering into the next chapter of AGL’s history with a strong partner like NexPhase who can accelerate the achievement of the Company’s goals.”
Jim Briles, Chief Operating Officer of AGL, added, “NexPhase shares our key values and goals, which made them the right partner for the future. As we build on our solid foundation of customer service and operational excellence, we look forward to working closely with NPC to drive long-term value creation for all our stakeholders.”
Jim Johnston, a Partner at NPC, said, “We are thrilled to be partnered with a leading company like AGL. Chad and Jim have created a robust enterprise that leverages differentiated IT systems and operational excellence to deliver industry-leading customer satisfaction, all underpinned by a dynamic and client-focused culture. We are excited for the future and working with the team to achieve our shared goals.”
Mr. Johnston and other NPC representatives, including Executive Advisors Cameron Burr and Fred Florjancic, and Principal George Zahringer, will join the Company’s board of directors alongside AGL’s CEO and EVE Partners, LLC’s (EVE) Managing Director JJ Schickel. EVE partnered with NPC on the transaction.
Parr Brown Gee & Loveless, PC acted as legal counsel to NPC. SunTrust Robinson Humphrey, Inc. served as exclusive financial advisor to AGL and Stillman Welch provided legal advice.
About NexPhase Capital
NexPhase Capital, formed by the former principals of Moelis Capital Partners (MCP), the private equity division of Moelis Asset Management, is a New York-based private equity firm targeting equity investments between $25 million and $75 million in leading middle market, growth-oriented companies. Earlier this year, the former principals of MCP formed NexPhase to execute, on an independent basis, the same sector-focused strategy of completing control investments in lower middle market companies. NexPhase continues to manage the MCP funds and portfolio companies under a sub-advisory agreement. NexPhase specializes in the healthcare, industrial services, software and consumer sectors. Led by Co-Managing Partners Kurt Larsen and Ted Yun, the firm will continue to manage approximately $872 million of MCP’s legacy private equity capital. For more information, please visit www.NexPhase.com.
About EVE Partners
EVE Partners, LLC, headquartered in Jacksonville Beach, FL, is an investment firm focused exclusively on the transportation and logistics industry. For more information, please visit www.evepartners.com.
About American Global Logistics
American Global Logistics, headquartered in Atlanta, GA, is a non-asset based provider of customized end-to-end ocean, trucking, and air freight forwarding services. In addition to freight forwarding, AGL also offers ancillary services such as customs brokerage and PO management that enable it to provide a more comprehensive end-to-end solution for its customers. For more information, please visit www.americangloballogistics.com.