Port Logistics Group Acquired by Endeavour Capital and Management New ownership to provide platform for continued growth and geographic expansion
HOUSTON, March 6, 2014 /PRNewswire/ -- Port Logistics Group, the nation's leading provider of gateway logistics services, today announced that the company has been acquired by Endeavour Capital and members of the company's management team.
Port Logistics Group was formed in 2008 through the acquisition of several regional logistics providers and has since grown to become a national 3PL serving retail clients in the key U.S. gateway markets. The company today operates more than 5 million square feet of warehouse space serving the ports of LA/Long Beach, New York/New Jersey, and Seattle/Tacoma.
"Endeavour Capital has a long history of success in working with fast-growing companies in the logistics and supply chain market," said Bob Stull, CEO of Port Logistics Group. "The team at Endeavour shares our values and vision for the company. This partnership will benefit our customers as we continue to build scale, expand into new geographies, and enhance our service offerings to provide solutions for a broad range of U.S. importers."
Endeavour has partnered successfully with companies in the trucking, marine transportation, air freight and supply chain sectors. Port Logistics Group fits well with Endeavour's logistics strategy as a well-managed platform with a service-oriented culture that is positioned for meaningful growth.
ABOUT PORT LOGISTICS GROUP
Port Logistics Group is the nation's leading provider of gateway logistics services, including value-added warehousing and distribution, transloading and cross-docking, vendor consolidation and national transportation. With more than 5 million square feet of warehouse space strategically located in and around major North American ports, Port Logistics Group provides the critical link between international transportation and the last-mile supply chain.
ABOUT ENDEAVOUR CAPITAL
Endeavour was founded in 1991 to be a patient source of capital and long-term partner to leading private companies and management teams. Today, Endeavour is investing out of its sixth equity fund and has offices in Portland, Seattle and Los Angeles. The firm invests in companies operating in the Western United States and targets companies within the transportation and logistics, food and healthcare industries.
SOURCE Port Logistics Group