WAYZATA, Minn., Nov. 14, 2017 /PRNewswire/ -- Northern Pacific Group, a Minnesota-based private equity investment firm, is pleased to announce the acquisition of two last mile delivery providers, 1st Choice Delivery, based in St. Louis, Missouri, and 4SameDay, based in El Segundo, California. These two businesses will serve as the platform for consolidation under the 1st Choice Delivery brand. The previous owners of both companies retained a significant ownership position in the combined company and will remain actively involved in the business going forward.
Northern Pacific Group partnered with Deerpath Capital Management to provide a senior credit facility. Backbone Capital Advisors assisted in the arrangement of debt financing and Faegre Baker Daniels served as the primary legal counsel to the team.
1st Choice Delivery provides last mile delivery services in the central Midwest for pharmaceutical distributers, office product suppliers and other time-sensitive commodities.
4SameDay provides both scheduled and on-demand last mile distribution services in southern California to pharmaceutical distributers and other companies that require time-sensitive deliveries of items of value.
Both companies have experienced significant recent growth and have leveraged that growth to improve already best-in-class service levels through investments in state of the art track and trace technology, along with implementing leading edge security systems for all their facilities and vehicles.
"Northern Pacific Group is truly excited about our partnership with the talented and proven leadership teams at 1st Choice Delivery and 4Sameday," said Marcy Haymaker, Principal at Northern Pacific Group. "They are the foundation for our continued consolidation of best-in-class last mile delivery companies."
"We will continue to invest in the best people and the best technology, and expand our geographic footprint as we work toward becoming the leading last mile delivery provider in the United States," said Chuck Fattore, President of 1st Choice Delivery.
ABOUT 1st CHOICE DELIVERY
1st Choice Delivery is a highly regarded last mile delivery company covering both the Midwestern and West Coasts of the United States. 1st Choice Delivery uses cutting edge technology for track and trace and other security systems to ensure effective and secure delivery of our client's goods. 1st Choice Delivery serves a wide variety of industries and customers including, pharmaceutical wholesalers and retailers, hospitals, extended care facilities and office product companies. For more information, please visit www.1stchoicedelivery.com.
ABOUT NORTHERN PACIFIC GROUP
Northern Pacific Group is a Wayzata, Minnesota-based private equity firm investing in rapidly growing businesses that serve enterprise customers. Northern Pacific Group seeks to drive collaborative achievement at portfolio companies in partnership with ownership groups and management teams. For more information, please visit www.northernpacificgroup.com.
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SOURCE Northern Pacific Group