PEACHTREE CORNERS, GA – September 9, 2022 – Capstone Logistics, LLC (“Capstone” or the “Company”), a leading provider of end-to-end supply chain solutions, announced today that it has acquired the assets of JST Transportation (“JST”). JST Transportation is a New England-based company that has been in business for 30 years providing final mile delivery services to the region
“With this transaction, Capstone Logistics broadens its service offerings and customer base further into the last-mile delivery marketplace,” said Steve Taylor, Chief Executive Officer of Capstone. “This acquisition reaffirms Capstone’s position as a leading, end-to-end logistics provider, offering an array of warehousing services, transportation management, and last-mile delivery solutions.”
Jon Rydel, Executive VP of Capstone Last Mile, adds: “We are very excited about the opportunity to join forces with JST. Their strong management team, capabilities, and footprint complement our existing business, expand our service offerings, and provide more and better options for our partners.”
Capstone is owned by affiliates of H.I.G. Capital, The Jordan Company, L.P., and Capstone’s management team.
About Capstone Logistics
Capstone Logistics, headquartered in Atlanta, GA, is a top end-to-end 3PL logistics company specializing in warehouse services, transportation management, and last-mile delivery and fulfillment. We partner with various sectors, including retail, grocery, food service, industrial, consumer products, home improvement, healthcare, and more. To learn more about what Capstone has to offer, visit www.capstonelogistics.com.
About JST
JST is a Franklin, Massachusetts-based transportation company providing a range of transportation solutions, such as Medical/Pharmaceutical Delivery, Postal Distribution, E-Commerce Small Parcel, Pool Distribution, and Cross Dock Services. Founded in 1992, JST proudly serves a variety of customers across New England.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $50 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
About The Jordan Company (“TJC”)
TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm that has managed funds with original capital commitments in excess of $19 billion since 1987 and has a 40-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Diversified Industrials, Supply Chain & Logistics, Healthcare & Consumer and Telecom, Technology & Utility. The senior investment team has been investing together for over 25 years and has completed over 120 platform investments and more than 400 add-on acquisitions. The investment team is supported by the TJC’s Operations Management Group, which was established in 1988 to initiate and drive operational improvements in portfolio companies. TJC has offices in New York, Chicago, Stamford and Miami.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.