Littlejohn & Co. Announces Equity Investment in Newgistics
GREENWICH, Conn., Dec. 12, 2013 /PRNewswire/ -- Private investment firm Littlejohn & Co. today announced that it has completed a significant equity investment in Newgistics, a provider of e-commerce solutions and services for leading brands and retailers.
Newgistics will continue to operate as an independent entity, and the executive and management team will remain in place. The transaction reinforces Newgistics' long-term commitment to provide world-class, end-to-end e-commerce solutions to their customers.
"Strong growth in online consumer purchases has made outsourced providers of logistics services a key component of the shopping experience, and Newgistics is a leader in this growing category," said Edmund J. Feeley, Managing Director at Littlejohn. "With its strong technology platform, customer service, and management team in place, we look forward to partnering with them to grow this platform investment."
"The investment by Littlejohn & Co. aligns with Newgistics' long-term corporate strategy and plans for continued growth," said Bill Razzouk, Chairman and CEO of Newgistics. "It's a win-win for both Newgistics and our customers."
About Newgistics, Inc.
Newgistics, a leading provider of e-commerce services for top retailers and brands, offers a true end-to-end e-commerce solution. We integrate the most agile, enterprise-tier omni-channel commerce software in the industry with order fulfillment, parcel delivery and returns management. Our end-to-end e-commerce platform is powered by hybris, and we have partnered with Manhattan Associates to bring its leading order management solution to our e-commerce customers. By seamlessly connecting every step in the process, Newgistics is able to provide merchants with a single view of their customers, products and orders across the entire order life cycle. Since 1999, Newgistics has provided top merchants with innovative technology-driven solutions that improve the customer experience and accelerate growth. Expert consulting, scalable and flexible platforms, and actionable data at every consumer touch-point provide our customers with the competitive advantage to deliver superior performance in the rapidly evolving world of global commerce. To find out more, visit www.newgistics.com.
About Littlejohn & Co.
Littlejohn & Co. is a Greenwich, Connecticut-based private equity firm investing in middle-market companies that are undergoing fundamental changes in growth, capital structure, strategy or operations and can benefit from its operational and strategic approach. The firm is currently investing from Littlejohn Fund IV, L.P., which has over $1.3 billion in capital commitments. For more information, visit www.littlejohnllc.com.
Jane Bergos, 512-225-6102
Littlejohn & Co.
Chris Tofalli Public Relations, 914-834-4334
SOURCE Littlejohn & Co.