CI Capital and Mr. Yeager will pursue investment opportunities in the fragmented transportation and logistics sector targeting companies with differentiated capabilities and industry-leading management teams that can act as effective consolidators. CI Capital has previously invested in Transplace, a leading third party logistics provider, and numerous companies in the distribution sector.
"I am pleased to announce this new partnership with CI Capital," said Mr. Yeager. "I believe that now is an attractive time to pursue a platform company investment in the logistics industry, given continued outsourcing by shippers and the dynamic capacity environment. CI Capital's experience in the logistics industry, coupled with its commitment to and history of supporting management teams to build bigger businesses through numerous add-on acquisitions and other growth initiatives, made the firm an ideal partner."
Joost Thesseling, Managing Director at CI Capital said, "We are thrilled to have the opportunity to form a partnership with Mark Yeager, who has an impressive track record in the logistics industry."
About CI Capital Partners
CI Capital Partners LLC, a leading North American private equity firm with $1.9 billion in assets under management, has been investing in middle-market companies since 1993. Since inception, CI Capital and its portfolio companies have made over 190 acquisitions representing approximately $8 billion in enterprise value. CI Capital's existing portfolio consists of companies that collectively generate annual revenue of over $2.5 billion and annual EBITDA of approximately $300 million and employ over 9,000 people.
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SOURCE CI Capital Partners